Postal Service may get more freedom to raise stamp prices

Has lost money for 10 consecutive years

In this 2011 file photo, a customer places first class stamps on envelopes at a U.S. Post Office in San Jose, Calif. Buffeted by threats from Amazon drones and Uber to delivery by golf cart, the beleaguered U.S. Postal Service is counting on a different strategy to stay ahead in the increasingly competitive package business: more freedom to raise your letter prices. - photo by Associated Press

W postal — In this 2011 file photo, a customer places first class stamps on envelopes at a U.S. Post Office in San Jose, Calif. Buffeted by threats from Amazon drones and Uber to delivery by golf cart, the beleaguered U.S. Postal Service is counting on a different strategy to stay ahead in the increasingly competitive package business: more freedom to raise your letter prices. - photo by Associated Press

WASHINGTON — It may be time to stock up on Forever stamps.Regulators appear likely to accept the financially beleaguered Postal Service's request for more freedom to raise the price of mailing letters. It would be the biggest change in the Postal Service's pricing system in nearly a half-century, allowing stamp prices to rise beyond the rate of inflation.After a 10-year review, the Postal Regulatory Commission could make its decision next month. It might limit how high prices could go, but the cost of a first-class stamp, now 49 cents, could jump.

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