USPS Seeks to Raise Stamp Price to 78 Cents to Achieve Financial Stability

Contact Your Elected Officials
The Epoch Times Header

A proposed 5-cent increase would mark a 56 percent rise in stamp prices since 2019, as USPS continues its push for long-term financial stability.

The U.S. Postal Service (USPS) said this week it is seeking to raise the price of first-class forever stamps from 73 cents to 78 cents this summer, the latest in a series of increases aimed at achieving financial stability.

If approved by the Postal Regulatory Commission, the price hike would take effect on July 13 and represent a roughly 7.4 percent increase across mailing services. Similar increases would apply to metered letters, domestic and international postcards, and other mail products.

The proposed rate adjustment follows a similar increase last year when the price of a stamp rose from 68 cents to 73 cents. Forever stamps, introduced in 2007, are first-class postage stamps that can be used to mail a standard letter at any time, regardless of future price increases.

If the new proposal is approved, the price of a forever stamp will have increased by 56 percent since 2019, when it cost 50 cents.

USPS said in a statement that the changes are needed to support its 10-year plan, which is intended to modernize infrastructure, improve service, and close long-standing budget shortfalls. Officials said that USPS prices remain among the lowest internationally and noted the agency receives no taxpayer funding for operating costs.

โ€œAs changes in the mailing and shipping marketplace continue, these price adjustments are needed to achieve the financial stability sought by the organizationโ€™s Delivering for America 10-year plan,โ€ the agency said. โ€œUSPS prices remain among the most affordable in the world.โ€

The proposed changes would also lower the cost of postal insurance by 12 percent and include separate price filings for marketing mail and package services, depending on pending regulatory decisions.

USPS has faced mounting financial strain as first-class mail volume continues to decline in the digital era, and retailers such as Amazon have begun delivering some of their own packages. That pressure has intensified in recent years, prompting a series of rate increases and operational reforms.

Byย Chase Smith

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Understanding the freedom of speech difficulty UK ?

Freedom of speech in the UK, shaped by evolving laws, faces legal conflictsโ€”highlighted by Nigel Farageโ€™s recent U.S. Congress testimony.

US Supreme Court Asked to Rule on Whether Private Citizens Can Enforce Voting Rights Act

A lower court ruled earlier this year that only...

Judicial activism has run amok

Judge Charles Breyer blocked Trump's use of California's National Guard, citing the Posse Comitatus Act, sparking debate over presidential authority.

Transitioning from Regulatory Sclerosis to Arbitrary State Capitalism

The Trump administration is moving from reducing the size and regulatory power of the federal government to the formation of State Capitalism.

Gen Z and Crystallized Intelligence

Weโ€™ve created a new malaise: media fatigue and information overload, or โ€œdata smog,โ€ which has sharply accelerated in recent years.

Putin, Xi Hot Mic Moment on Organ Transplants Underscores Concerns Over Organ Harvesting in China

On Sept. 3, a hot mic caught China and Russiaโ€™s leaders discussing about organ transplants and living to 150 as they walked side by side.

Pfizer CEO Says Trump Should Receive Nobel Prize for Operation Warp Speed

Pfizerโ€™s CEO praised President Trump, saying he deserves a Nobel Peace Prize for Operation Warp Speed that sped COVID-19 vaccine delivery.

Florida to End All Vaccine Mandates

Floridaโ€™s surgeon general, Dr. Joseph Ladapo, announced on Sept. 3 that he was working to eliminate all vaccine mandates from state law.

Pentagon Chief Suggests More Strikes on Cartels After US Military Targets Boat Near Venezuela

Sec. of Defense Pete Hegseth said more strikes may target narco-terrorists trying to smuggle drugs into the U.S.

Trump to Host Polandโ€™s New President Nawrocki at the White House

President Donald Trump will host Polandโ€™s newly elected president, Karol Nawrocki, at the White House on Sept. 3.

Trump Announces Space Command Moving to Alabama

โ€œI am thrilled to report that the U.S. Space Command headquarters will move to beautiful Huntsville, Alabama,โ€ President Trump said.

Trump Takes Aim at Crime in Chicago After Dozens Shot Over Weekend

President Trump said that he will โ€œsoonโ€ take actions to deal with crime in Chicago, weeks after he sent National Guard troops to Washington, D.C.

Trump Says India Offered Zero Tariffs After Decades of โ€˜One-Sidedโ€™ Trade

President Trump said India offered to cut tariffs on U.S. goods to zero, calling it a long-overdue fix for decades of one-sided trade.
spot_img

Related Articles