Due to loss in revenue, the US Postal Service is raising the price of a single , First Class Stamp to 46 cents. The current price, raised in February 2009, is 44 cents per stamp.
The Postal Regulatory Commission has approved the price increase and will initiate the new stamps on January 2, 2011.
Those who purchase forever stamps, should stock up. Forever stamps, may be purchased at the current issued price but maintain the service price. Therefore a new evergreen stamp (the liberty bell is being discontinued) purchased at 44 cents today may also be used when stamp prices increase.
The postal service anticipates a $7 billion deficit next year, due in large part to the internet and online bill services.
To combat the deficit – those that do purchase the small, gummed squares will be paying more. Media mail, parcels and periodicals will also raise in shipping cost; affecting many of those who sell on line via EBay, Amazon and other such industries.
Also for consideration in the lowering of the US Postal debt are proposals to reduce: delivery times (i.e. hours and possibly Saturday deliveries), retirement packages, benefits and postal services in general.