USPS Proposes First-Class Stamp Price Increase - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

USPS Proposes First-Class Stamp Price Increase

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GEORGETOWN, Del.- Facing a $6 billion deficit by the end of the year, the USPS is hoping to raise the price of first-class stamps to raise more money.

If approved, the price of a stamp will go from 46 cents to 49 cents. Some loyal customers say they do not mind the price increase but are not sure if it will save the post office.

Anthony Bryan said he does not think the Postal Service will survive the rise of technology.

"I think the email is taking over, I don't think that 3 cents per stamp is going to make $6 billion," he said.

The Postal Service said the price increase is expected to generate an extra $2 billion.

"In order for them to stay afloat they need to increase by more than that because the tooth fairy gets $3 to $5 a tooth, so going up that extra 2 or 3 cents is crazy," Orlando Dunn said.

If the increase is approved, it will go into effect in January, but it first must be approved by the Independent Postal Regulatory Commission.

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