Postal Service Seeks Record Price Hikes To Bolster Falling Revenues
October 10, 2018The US Postal Service is asking for the biggest price jump on stamps in its history.
Facing pressure from the Trump administration to address a revenue shortfall, the Postal Service on Wednesday proposed raising the price of 1-oz. letters from 50 cents to 55 cents, which would be a record nominal increase if approved. The price of each additional ounce would go down slightly.
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