USPS to Cut Postage Rates to 47 Cents

Reversing the price hiking trend, the U.S. Postal Service will reduce the price of first-class stamps by 2¢ down to 47¢ this weekend. As reported on Consumerist, “The price cut came from the government entity that regulates the postal service, the logically named Postal Regulatory Commission. The original price hike for letters back in 2014 was actually a surcharge enacted to help the postal service’s cash flow, and the PRC ordered that the postal service roll back that surcharge. The Postmaster General estimates that the price cuts for domestic and international letters will cost the USPS $2 billion per year.” (consumerist.com)