USPS Seeks Up to 95-Cent First-Class Stamp to Shore Up Finances

1 min read
Source: CBS News
USPS Seeks Up to 95-Cent First-Class Stamp to Shore Up Finances
Photo: CBS News
TL;DR

Facing a $9 billion loss in 2025 and a looming cash crunch, the USPS proposed raising the first-class stamp price from 78 cents to as much as 95 cents, arguing higher prices on mail and packages could largely erase its controllable losses; Postmaster General David Steiner told a House committee that without broader reforms—plus a higher borrowing limit and pension flexibility—the agency could run out of cash within a year.

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