USPS looks to raise price of "forever" stamp to 78 cents

3 days ago 46

Postal workers rally against immoderate efforts to dismantle USPS

Postal workers rally against immoderate efforts to dismantle USPS 00:57

The U.S. Postal Service is seeking a complaint summation this summertime that includes hiking the outgo of a first-class stamp from 73 cents to 78 cents.

The petition was made Wednesday to the Postal Regulatory Commission, which indispensable OK the proposal. If approved, the 5-cent summation for a "forever" stamp and akin increases for postcards, metered letters and planetary message would instrumentality effect July 13.

The projected changes would rise mailing services merchandise prices astir 7.4%.

The Postal Service contends, arsenic it did last year erstwhile it enacted a akin increase, that it's needed to execute fiscal stability.

Former U.S. Postmaster General Louis DeJoy antecedently warned postal customers to get utilized to "uncomfortable" complaint hikes arsenic the Postal Service seeks to go self-sufficient. He said terms increases were overdue aft "at slightest 10 years of a defective pricing model."

USPS to commemorate collectable Betty White stamp successful Oak Park 00:25

DeJoy resigned successful March aft astir 5 years successful the position, leaving arsenic President Donald Trump and Elon Musk's Department of Government Efficiency, oregon DOGE, had floated the thought of privatizing message service.

Deputy Postmaster General Doug Tulino has taken connected the relation of postmaster wide until the Postal Service Board of Governors names a imperishable replacement for DeJoy.

Trump has said helium is considering putting USPS nether the power of the Commerce Department successful an effort to halt losses astatine the $78 billion-a-year agency, which has struggled astatine times to equilibrium the books with the diminution of first-class mail.

Read Entire Article