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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 ...
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]
Between 2021 and 2023, USPS has raised the postage rate four times. [150] In May 2023, USPS reported a $2.5 billion loss over the year's first quarter, with approximately $500 million of that figure related to costs within the agency's control. [151] It also reported that its projected ten-year losses had been reduced from $160 billion to $70 ...
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The U.S. Postal Service had a lot to contend with this year between a pandemic, an election that relied heavily on mail-in ballots and a change in leadership that resulted in some questionable ...
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]
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 ...