USPS says stamps will rise to 58 cents as part of Postal Service's 10-year overhaul
CBSN
The U.S. Postal Service said it will raise rates on postage for letters, postcards and other mail services this summer as part of Postmaster Louis DeJoy's 10-year plan to overhaul the agency's flailing finances. The cost of a stamp for first-class mail will increase to 58 cents from its current 55 cents.
DeJoy, whose tenure has been marked by controversy over his operational changes at the service, earlier this year unveiled a 10-year plan to overhaul the USPS. He said the changes are necessary to stanch billions of dollars in losses and put the agency on the path to profitability — and on Friday he said raising postage rates are part of the effort to boost revenue. Single-piece first-class mail volume, such as letters that have postages stamps, has declined 47% during the past 10 years, the USPS said Friday. Even with the latest increase, the USPS said it will continue to have "some of the lowest letter-mail postage rates in the industrialized world" when they go into effect on August 29.Strong storms with damaging winds and baseball-sized hail pummeled Texas on Tuesday, leaving more than one million businesses and homes without power as much of the U.S. recovered from severe weather, including tornadoes, that killed at least 24 people in seven states during the Memorial Day holiday weekend.
Actor Richard Dreyfuss is facing backlash for allegedly sharing remarks that audience members found sexist, homophobic and generally offensive at a Q&A event over the weekend tied to a Massachusetts theater's screening of "Jaws." Dreyfuss starred in the 1975 blockbuster that was filmed in Massachusetts and screened Saturday night at The Cabot, a performing arts center in the coastal community of Beverly.