The United States Postal Service (USPS) has announced that it will delay planned price increases for mail services until at least July 2025. This decision comes after significant public backlash to the proposed rate hikes, which were set to take effect in January 2023.
The USPS has been facing financial challenges in recent years, as the volume of mail has declined due to the rise of electronic communication. The proposed price increases were intended to help the USPS offset these losses and ensure the continued viability of the postal service. However, many critics argued that the rate hikes would place an undue burden on consumers and businesses, especially during a time of economic uncertainty.
