The New York Times

U.S. Postal Service Proposes Slower Mail, Higher Prices

usa economy politics
The U.S. Postal Service is running out of money. To survive, it now proposes a plan that could mean slower mail delivery and more expensive stamps for everyday Americans. Officials say the agency's financial model is broken. It has not changed significantly since 1970. Repeated reform attempts have failed to fix its core problems. The new strategy has two main parts. First, the USPS wants to decrease service standards for some mail. This could add one or two days to delivery times for letters sent across the country. Second, it plans to continue raising prices. The cost of a "Forever" stamp and other services is expected to increase regularly. These changes are a direct response to the agency's financial crisis. The goal is to cut costs and generate more revenue. Without these steps, officials warn the service's ability to operate is at risk. The proposals will undergo a public review process. If approved, Americans can expect to pay more to send mail that may arrive later.