House Democrats are urging the Postal Regulatory Commission to block the U.S. Postal Service’s (USPS) price hikes, noting they would risk the agency’s future as its delivery performance has hit “historic lows.”
The USPS said last month that it was planning to raise the price of first-class stamps by 5 cents—from 68 cents to 73 cents—as part of proposed adjustments to raise mailing services product prices by 7.8 percent.
The postal agency cited the ongoing “changes in the mailing and shipping marketplace” as the reason for the need to raise postage prices, but added that its prices remain “among the most affordable in the world.”…
