The U.S. Postal Service is planning to raise rates this summer, which will include an increase in the price of a first-class stamp from 73 cents to 78 cents. This rate increase comes as the Postal Service faces financial challenges due to declining mail volume and increased costs. The rate hike is intended to help cover these costs and ensure the continued operation of the Postal Service. Customers may need to budget for the higher cost of mailing letters and packages as a result of this rate increase.
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