Nearly $1 stamps? Lawmakers contemplate how to avert USPS financial crisis

Postmaster General David Steiner warned that USPS could reach a financial cliff as soon as fall 2026. As a response, he floated reducing the postal agency’s mandate to deliver mail six days per week or raising stamp prices to 90 to 95 cents. Stamps currently are 78 cents, having been increased six times since 2021.

“If you want the same number of delivery days and post offices, we can do that, but someone has to pay for it. If you want to have a discussion about reducing services, we can do that,” Steiner said. “But there’s one thing we can’t do, and that is the status quo, and we don’t have a lot of time.”

David Marroni, a senior official at the Government Accountability Office, testified that any fix to the USPS’ finances will likely require congressional action, calling the postal agency’s current business model “unsustainable.”

Nearly $1 stamps? Lawmakers contemplate how to avert USPS financial crisis – Government Executive

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