US Edition
USPS wants to raise first-class stamp price to as high as 95 cents
Postmaster General David Steiner says raising first-class stamps to 95 cents could largely solve USPS’s $9 billion loss and avoid running out of cash within a year.
- At a congressional hearing Tuesday, the USPS proposed raising first-class stamp prices to as much as 95 cents, Steiner said.
- Facing a $9 billion loss in 2025, the U.S. Postal Service warned it could run out of cash in less than 12 months without changes, citing declining mail volume and delivery obligations.
- On price comparisons, Steiner noted the current first-class stamp costs 78 cents, the lowest in the industrialized world, compared to higher prices in France and the U.K.
- The USPS urged Congress to raise its $15 billion borrowing limit and called for pension program reforms, as it nears its statutory borrowing cap, Postmaster General Steiner said.
- The USPS modernization plan begun under Postmaster Louis DeJoy provides context for Steiner's reforms as he emphasizes the need to address long-term losses since taking over in July.
23 Articles
23 Articles
USPS warns stamp price could rise to nearly $1 amid financial strain
The head of the U.S. Postal Service warned lawmakers that the agency is at a critical juncture and could run out of cash in less than a year without changes.Testifying before a House panel, Postmaster General and Chief Executive Officer David Steiner cited several factors behind the financial strain, including declining mail volume and a statutory requirement to deliver mail six days a week to every address in the United States."If you want the …
Stamp Prices Could Surge Near $1 as USPS Faces Financial Crisis
(LOOTPRESS) – Americans may soon see the cost of mailing a letter climb to nearly $1, as the U.S. Postal Service considers a major price hike to stay financially afloat. Postmaster General David Steiner told lawmakers this week that first-class stamps could increase from the current 78 cents to as much as 90 to 95 cents. The proposed jump comes as the agency grapples with mounting losses and declining mail volume. The United States Postal Servi…
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