If the U.S. Postal Service gets its way, the price of a first-class stamp will go up for the fourth time in a year.
Wednesday, April 10, 2024 6:45PMgets its way, the price of a first-class stamp will go up for the fourth time in less than two years.
The proposal has been sent to the independent Postal Regulatory Commission for final approval. If the commission signs off, the new prices will take effect in July. But Manhattan resident Albert Quiles, who was going into the post office to purchase stamps, said he's resigned to paying the higher postal prices.
The USPS reported a $6.5 billion net loss in 2023 as revenue fell 0.4% to $78.2 billion and the use of first-class mail dropped to its lowest level since 1968, postal officials said.
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