USPS Seeks Nearly 8% Price Hike on Stamps and Mail to Address Financial Losses

• U.S. Postal Service proposed nearly 8% increase in postage prices, to take effect in July if approved • Forever stamps would cost 73 cents, up from 68 cents currently • Domestic postcard prices would rise to 56 cents from 53 cents • Price hikes are part of 10-year plan to address $160 billion in projected USPS losses • Declining mail volume also contributing to USPS financial issues