economy
USPS wants to raise first-class stamp price to as high as 95 cents
March 18, 2026 / 9:15 AM EDT / CBS News
TL;DR
- USPS plans to raise first-class stamp prices to 90-95 cents from the current 78 cents.
- The agency faces a financial crunch, with a $9 billion loss in 2025 and a risk of running out of cash in 12 months.
- Postmaster General David Steiner highlighted that current stamp prices are the lowest in the industrialized world.
- Steiner called for reforms to the pension program and an increase in the borrowing limit.
- Previous efforts by Louis DeJoy, including price hikes and transportation system overhauls, did not prevent mounting losses.