It is up to the Postal Regulatory Commission if a stamp to send a letter will cost 46 cents in January.
In 2001 postage rates in the US will increase significantly as follows: as announced by the US postal service on Tuesday first-class stamps will have a whopping increase of 3 cents making the price from 44 cents in 2010 to 46 cents in 2011. Many factors have made their impact on the price but among the important ones are: the world financial crisis, the internet mailing and last but not least the steady decline of mail volume in 3 consecutive years.
US postal service is threatened by bankruptcy if the current financial results don’t improve. The negative balance of $7 billion for 2010 Is expected to be the same for 2011. Due to the increased cost of stamp in 2011 the loss will be cut to $4.8 billion which still is a terrible prediction.
Currently the Congress has to decide if the deliveries on Saturdays will be ceased. Among the measures taken by the postal office are closing offices, and budget cuts which if course will face us with lower service level. The good news are that if you bought “Forever stamps” the cost of stamp in 2011 will be 44 cents.
The postal rate commission has 90 days to decide whether to accept or decline the price proposed by the postal service.