Published 2 years ago

U.S. Postal Service can't lick inflation, seeks to hike stamp prices again

Summary by Ground News

The U.S. Postal Service booked a onetime, non-cash benefit of $59.6 billion. The USPS has reported net losses of more than $90 billion since 2007. The bill Biden signed in April repealed the USPS's requirement that it annually prepay future retiree health benefits.

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Reuters

U.S. Postal Service can't lick inflation, seeks to hike stamp prices again

Surging inflation will prompt the U.S. Postal Service to seek higher prices for stamps and other services in January, just five months after its recent hike, as it continues to lose money.

2 years ago·United Kingdom

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Financial Post

U.S. Postal Service books $59.6 billion from reform legislation

WASHINGTON -- The U.S. Postal Service booked a onetime, non-cash benefit of $59.6 billion after President Joe Biden signed financial relief legislation into law, the USPS said on Tuesday. Read More

2 years ago·Canada

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