House Democrats are asking the U.S. Postal Service’s regulator to block its latest proposed price hike, saying another increase would threaten the future of the mailing agency.
USPS last month announced it was planning in July to raise the cost of a First Class stamp to 73 cents from 68 cents as part of a proposal to raise overall prices by 7.8%. The increases, if approved by the Postal Regulatory Commission, would mark the sixth hike under Postmaster General Louis DeJoy’s tenure and a 31% spike in the cost of a stamp since he took office. USPS has begun raising its rates on a biannual basis and DeJoy has tapped into the authority he won in 2020 to increase prices more than the rate of inflation on nearly every allowable occasion.
