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Postal Service looks to raise first-class stamp to 58 cents

Postal Service looks to raise first-class stamp to 58 cents
WASHINGTON — The U.S. Postal Service wants to raise rates on first-class stamps from 55 cents to 58 cents as part of a host of price hikes and service changes designed to reduce debt for the beleaguered agency.

The request for the changes, which would take effect Aug. 29, was filed with the Postal Regulatory Commission. It includes price hikes for first-class mail, magazines and marketing mailers. The price hikes are part of Postmaster General Louis DeJoy’s 10-year plan for the agency, which faces an estimated $160 billion in operating losses over the next decade.

Read the full article on Federal Times

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