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The increase is part of the USPS's 10-year "Delivering for America" initiative which intends to make the postal service profitable and self-sufficient.
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.
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]
The Postal Service Reform Act of 2022 is a federal statute intended to address "the finances and operations of the U.S. Postal Service (USPS)", [1] specifically to lift budget requirements imposed on the Service by the Postal Accountability and Enhancement Act [2] and require it to continue six-day-a-week delivery of mail.
USPS is also requesting price increases for Special Services products, such as Certified Mail, Post Office Box rental fees, money order fees and the cost to purchase insurance when mailing an item.
After increasing the price of a first-class postage stamp to 68 cents in January, the U.S. Postal Service is planning to increase the cost again in the coming days.. The USPS will bump the cost of ...
Each year, the Postal Service receives thousands of letters and petitions from the American public proposing stamp subjects. Established in 1957, the Citizens’ Stamp Advisory Committee (CSAC) reviews all of the proposals and selects stamp subjects that will be of enduring interest to large segments of the American population.
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