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This follows an increase in January 2024 and marks the sixth increase since January 2021. Despite these ongoing price hikes, the United States maintains relatively inexpensive postage compared to other developed countries. A 2024 study by the USPS Inspector General found that the U.S. had a lower stamp price than 26 out of 30 comparable countries.
The price of first-class Forever stamps increased from 68 cents to 73 cents July 14, an increase of more than 7%. When the USPS launched the Delivering for America plan in 2021, Forever stamps ...
The full eagle logo, used in various versions from 1970 to 1993. The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or simply the Postal Service, is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the United States, its insular areas and associated states.
Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that (87%) was due to prefunding retiree benefits. [13] By the end of 2019, the USPS had $160.9 billion in debt, due to growth of the Internet, the Great Recession, and prepaying for employee benefits as stipulated in PAEA. [14]
In 2023 alone, the postal service reported a $6.5 billion deficit. For 2024, they project an additional $6.3 billion in losses. The most recent hike marks the fifth price increase in the past two ...
The United States Postal Service announced plans to raise the price of Forever stamps and other postage for 2023. Upon approval from the Postal Regulatory Commission, USPS says the cost of first ...
A USPS fact sheet about the proposed changes notes that the plan would have no impact on 75% of first-class mail. The combination of higher prices and slower delivery raises the risk that the USPS ...
On May 12, 2021, Stroman was confirmed to a term as governor expiring December 8, 2021 in a 69–30 vote. [19] The Senate later confirmed a separate nomination for him to serve a term as governor expiring December 8, 2028. [20] The U.S. Senate invoked cloture for McReynolds May 12, 2021 [21] and confirmed her on May 13, 2021. [22]