US Postal Service seeks to hike stamp prices to 73 cents
- USPS reported a $6.5 billion net loss for the year ending Sept. 30, with a decline in first-class mail to its lowest volume since 1968.
- Stamp prices are set to rise to 73 cents from 68 cents effective July 14, aiming to generate $44 billion in additional revenue by 2031.
- USPS is in the process of restructuring to eliminate predicted losses, with concerns raised about changes impacting timely deliveries.
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