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US Postal Service Seeks to Hike Stamp Prices to 82 Cents
The proposal would be the eighth stamp hike since 2021, while the agency says suspending pension payments will conserve $200 million every two weeks.
- The United States Postal Service plans to raise First-Class Mail stamps to 82 cents from 78 cents effective July 12, a proposal that would increase overall mailing services prices by 4.8%.
- Mounting losses and declining mail volumes have driven USPS toward a 'severe financial crisis,' with the agency delivering 112 billion pieces of mail in fiscal 2024, down nearly 50% from its 2006 peak.
- The Postal Regulatory Commission approved suspending employer pension contributions starting Friday, preserving $2.5 billion through September 30, while Amazon struck a deal for USPS to deliver at least 1 billion packages annually.
- Posted, a nonprofit advocacy group, argues USPS has a 'cost control problem' rather than a revenue issue, noting losses exceeding $25 billion since 2021 as critics warn against raising prices while reducing service.
- Without Congress, the agency could run out of cash as early as 2027, Postmaster General David Steiner warned, noting stamp prices could eventually reach 90 or 95 cents per letter.
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Total News Sources34
Leaning Left4Leaning Right3Center20Last UpdatedBias Distribution74% Center
Bias Distribution
- 74% of the sources are Center
74% Center
15%
C 74%
11%
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