CBS News| Wednesday, March 18, 2026 
USPS wants to raise first-class stamp price to as high as 95 cents

Americans may soon pay almost $1 to mail a first-class letter. The U.S. Postal Service wants to raise first-class stamp prices to between 90 cents and 95 cents as it faces a financial crunch, Postmaster General David Steiner said Tuesday at a congressional hearing. The current price of a first-class stamp is 78 cents. The USPS has for years struggled with high costs and dwindling mail volume, resulting in a $9 billion loss in 2025. While the Postal Service has a 10-year plan to reduce expenses and restore profitability, the agency still faces major financial challenges, with Steiner telling the House Oversight Committee that the USPS is at risk of running out of cash in 12 months. “As you all know, there are only three things that any company can do to improve financial performance — sell more products, raise prices or cut costs,” Steiner said in his congressional testimony. “On the pricing side, we need to look for higher prices on both our package and mail products.” Raising the price of first-class stamps to as high as 95 cents “would largely solve our controllable loss,” he added…Read more