Rates last went up in July with the cost of a first-class Forever stamp increasing by 2 cents to 60 cents.
Rates last went up in July with the cost of a first-class Forever stamp increasing by 2 cents to 60 centsInflation is going to add over $1 billion to the U.S. Postal Service budget, necessitating a request for another rate increase in January, but the service is well prepared for the November election, Postmaster General Louis DeJoy said Tuesday.
The Postal Service has already delivered about 40 million ballots to and from voters along with a total of 550 million COVID-19 test kits, DeJoy said. “Americans should be confident that the United States Postal Service is well prepared and will provide extraordinary services in these coming November elections,” he told the Board of Governors.
Third quarter results for the first time reflected a sweeping congressional overhaul — leading to a non-cash benefit of nearly $59.6 billion. But DeJoy cautioned against reading too much into the one-time benefit, without which the Postal Service would've suffered an adjusted loss of $459 million.
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