The United States Postal Service on Tuesday proposed an overall increase of nearly 8 percent on the price of postage, the latest in a series of stamp hikes over the past three years.
The new prices would take effect in July, pending approval from an independent regulatory commission.
Among other changes, a Forever stamp would cost 73 cents instead of 68 cents, and the price of a domestic postcard would rise to 56 cents from 53 cents.
The Postal Service has faced financial issues for years because it is required to fund retiree health care benefits for its employees in advance.
It’s also facing headwinds, like other postal services globally, as fewer people send mail.
Persons:
It’s
Organizations:
United States Postal Service, Postal Service