USPS wants to lift a cap on postal rates
- By FederalSoup Staff
- Sep 07, 2017
The U.S. Postal Service is currently petitioning the Postal Regulatory Commission to receive permission to lift a cap on postal rates as part of an effort to relieve its financial troubles, the Associated Press reports.
An analysis by the industry trade group Coalition for a 21st Century Postal Service found that USPS would need to increase the cost of a single stamp to 60 cents in order to avoid bankruptcy and offset the declining use of mail and address its onerous retiree health benefit costs, the report notes.
USPS did not dispute the analysis, according to the article, which added that the commission is expected to act within weeks on the request to raise rates.