- 3,001
The price of stamps in the US has risen 2 cents to 39 cents. I know that it was done last weekend (Sunday Jan 8, 2005), but I just wanted all of you to remember when you went to send that letter to your penpal!
The post office would break even without the money, but Congress made them put their excess money last year into a new fund, and now each successive year the USPS must deposit $3 billion into the fund, so they need to raise the postage costs to cover that $3 billion.
The last hike in postage rates was 4 years ago.
A new hike in the price will be revealed soon, unless congress is able to stop the fund!
I don't have an article, I have just heard about this even and thought I would remind everybody!
The post office would break even without the money, but Congress made them put their excess money last year into a new fund, and now each successive year the USPS must deposit $3 billion into the fund, so they need to raise the postage costs to cover that $3 billion.
The last hike in postage rates was 4 years ago.
A new hike in the price will be revealed soon, unless congress is able to stop the fund!
I don't have an article, I have just heard about this even and thought I would remind everybody!