A Postal Service worth hike proposal is looking for to extend the price for a first-class stamp by 5 cents to 55 cents to assist stem mounting purple ink.

If accepted by regulators, the 10 p.c improve to the price of mailing a 1-ounce letter can be the most important since 1991. The worth of every extra ounce would go down, from 21 cents to 15 cents.

The proposed improve would take impact in January. It comes as President Donald Trump has criticized the Postal Service for “dropping a fortune” by not charging increased delivery charges for on-line retailers reminiscent of Amazon.com.

The Postal Service has seen years of monetary losses as an unrelenting drop in mail quantity and prices of its well being care and pension obligations outweighed sturdy positive factors in bundle deliveries.

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Source: Newsmax.com


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