The U.S. Postal Service wants to increase the price of a First-Class Mail Forever stamp from 78 cents to 82 cents. The increase would be part of broader rate hikes the agency has filed with its federal regulator Thursday amid its worsening financial situation.
The USPS, which also announced Thursday it would cease pension contributions, filed notice with the Postal Regulatory Commission regarding mailing services price changes that would go into effect on July 12. The proposed increases, approved by Postal Service governors, would raise mailing services product prices by around 4.8 percent across the board.
“In the midst of the severe financial crisis facing the Postal Service and continued rising operational costs, the organization is using all available tools, including available regulatory pricing authority, to ensure that it can continue to fulfill its universal service obligation and serve the American public,” USPS said in its announcement….