US Postal Service says it could raise first-class stamp prices
USA TODAY
As the USPS warns it could run out of cash by 2027, the agency says it could soon raise the price to send a first-class letter to almost $1.
A first‑class stamp could soon cost nearly $1, as the U.S. Postal Service warns it may run out of money by 2027 and looks to raise prices to stay afloat.
During a Tuesday, March 17 appearance before Congress, Postmaster General David Steiner said the price of a first‑class stamp could rise to 90 to 95 cents, up from 78 cents.
Steiner said higher prices are one of the few options available as the agency faces mounting losses. Raising stamp prices to as much as 95 cents, he told lawmakers, "would largely solve our controllable loss."
The warning comes as USPS says it is running out of financial runway.
In interviews with Reuters and The Associated Press, Steiner said that without congressional action to lift the agency’s $15 billion statutory debt limit, USPS could struggle to pay vendors or employees by February 2027. The borrowing cap was set in 1990.
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