US Postage Increases Amid Biden Inflation

US Postage Increases Amid Biden Inflation

( – Congress passed the Postal Service Reform Act On March 22. Lawmakers intended the $107 billion bailout to alleviate a $160 billion shortfall facing the United States Postal Service (USPS) due to employee retirement benefits, inefficiencies, and lack of technology. It appears Congress didn’t provide enough money. On Wednesday, April 6, the Postal Service said it wants to increase postage costs beginning this summer. The USPS announced the increase on the same day President Joe Biden signed the Postal Service Reform Act.

The USPS says inflation is hitting its operating expenses hard. It wants to increase the cost of a Forever stamp from 58 cents to 60 cents even though the nation’s public mail delivery service increased its rates just a year ago. While America is paying more for postage, it’s getting less for its money. USPS leaders are trying to put the independent federal agency on a positive footing, but the service has cut its delivery standards.

Before any price hike can go into effect, the Postal Regulatory Commission (PRC) will offer guidance on the request. While the PRC oversees the USPS, it can only issue advisory opinions. If the Postal Service wants to increase prices, there isn’t anything anyone can do to stop it.

How’s that for government service?

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