{"id":17963,"date":"2021-06-02T22:30:58","date_gmt":"2021-06-02T22:30:58","guid":{"rendered":"https:\/\/one.sightlinemg.com\/federaltimes\/uncategorized\/2021\/06\/02\/postal-service-looks-to-raise-first-class-stamp-to-58-cents\/"},"modified":"2026-08-08T04:46:08","modified_gmt":"2026-08-08T04:46:08","slug":"postal-service-looks-to-raise-first-class-stamp-to-58-cents","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/federaltimes\/congress\/budget\/2021\/06\/02\/postal-service-looks-to-raise-first-class-stamp-to-58-cents\/","title":{"rendered":"Postal Service looks to raise first-class stamp to 58 cents"},"content":{"rendered":"\n

WASHINGTON \u2014 The U.S. Postal Service wants to raise rates on first-class stamps from 55 cents to 58 cents as part of a host of price hikes and service changes designed to reduce debt for the beleaguered agency. <\/p>\n\n\n\n

The request for the changes, which would take effect Aug. 29, was filed with the Postal Regulatory Commission. It includes price hikes for first-class mail, magazines and marketing mailers. The price hikes are part of Postmaster General Louis DeJoy\u2019s 10-year plan for the agency, which faces an estimated $160 billion in operating losses over the next decade. <\/p>\n\n\n\n

DeJoy said the increases are necessary to \u201cachieve financial sustainability and service excellence\u201d and will allow the postal service to \u201cremain viable and competitive and offer reliable postal services that are among the most affordable in the world.\u201d<\/p>\n\n\n\t