Not so fast, Postal Service: Court rules stamps must return to 46 cents

The following story shared from the Washington Post could effect all of us in Natchitoches Parish.  For full story, please see link at the bottom of the page.

ForeverStampThe U.S. Postal Service will have to roll back a portion of its largest rate increase in 11 years after a federal court ruled that the higher postage prices in place since January 2014 can’t be permanent.

Postal regulators had agreed to a 3-cent emergency postage hike for first-class letters, to 49 cents from 46 cents, after the Postal Service said it needed to recoup billions of dollars it lost during the recession. The 4.3 percent increase came on top of the customary 1.7 percent postage prices have risen to adjust for inflation.

But regulators set a cap on the amount of revenue USPS could recoup with the higher prices. The cap will be reached this summer.

FULL WASHINGTON POST STORY HERE

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