USPS Raises Stamp Price To 58 Cents As Part Of DeJoy’s 10-Year Plan (From The Washington Post)

Lexington’s Paul Steidler was quoted in a Washington Post story about the Postal Service announcing that the cost for a standard letter stamp is increasing from 55 to 58 cents and overall mail prices are increasing by 6.9 percent this summer. The aggressive move is part of new pricing authority that the U.S. Postal Service has. It comes as Congress is considering important postal reform legislation to provide financial assistance to the Postal Service.

“Legislation is always tentative and always fragile,” said Steidler. “To come out at a time of a pandemic and a lot of people are still hurting economically, that they’re going to come out with something that’s more than double the past year’s increases, it invites a lot of things to go haywire.”

Read the full article here.