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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 ]
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 Postal Accountability and Enhancement Act of 2006 (Public Law 109-435) enacted on December 20, 2006, made several changes to the Postal Regulatory Commission. [2] [3] Besides giving the body its current name, the Postal Accountability and Enhancement Act significantly strengthened the Commission's authority to serve as a counterbalance to new flexibility granted to the USPS in setting ...
International Letter (1 oz.): $1.40 to $1.45. USPS is also requesting price increases for Special Services products, such as Certified Mail, Post Office Box rental fees, money order fees and the ...
USPS gave a sneak peek at other stamps coming next year. (Scripps News)
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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.
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