Forever stamps get biggest price hike in the history of the US Postal Service
FBN’s Cheryl Casone on the U.S. Postal Service raising the price of forever stamps and the agency’s mounting debt.
A Republican Party donor was named on Wednesday to lead the U.S. Postal Service, which President Donald Trump has criticized for not charging companies like Amazon.com more for package delivery.
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The Postal Service’s Board of Governors announced it had chosen North Carolina businessman Louis DeJoy to be the U.S. postmaster general, as the agency grapples with severe financial stress due in part to the coronavirus pandemic.
AMID CORONAVIRUS SHOCK, LAWMAKERS LOOK TO SAVE USPS FROM DISASTER
“Louis DeJoy understands the critical public service role of the United States Postal Service, and the urgent need to strengthen it for future generations,” Robert Duncan, chairman of the board of governors, said in a statement.
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