The United States Postal Service (USPS) said on Friday it wants to raise the price of first-class mail stamps to 68 cents from 66 cents effective Jan. 21. The proposal, which must be approved by the Postal Regulatory Commission, would raise mailing services product prices by about 2%, significantly less than prior price hikes. Stamp prices are up 32% over the last four years since early 2019 when they were 50 cents.
- The United States Postal Service said on Friday it wants to raise the price of first-class mail stamps to 68 cents from 66 cents effective Jan. 21.
The USPS said on Friday "as inflationary pressures on operating expenses continue and the effects of a previously defective pricing model are still being felt, these price adjustments are needed to provide the Postal Service with much needed revenue." USPS has been raising stamp prices twice yearly and expects its "new pricing policy to generate $44 billion in additional revenue" by 2031.Mike Segar/ReutersA federal judge has gifted Donald Trump a step toward getting his classified documents case delayed until after the 2024 presidential election. On Friday, U.S. District Judge Aileen Cannon granted a temporary stay on a filing deadline for Trump as she deliberates whether to postpone the entire schedule of pre-trial proceedings.
Kevin McCarthy had allowed for the rule to be changed so a single House member could force a vote on him, which ultimately led to his ousting.
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