MINNEAPOLIS (WCCO) – Stamp prices could soon be going down across the country.
The Washington Post reported a DC appeals court ruled the Postal Service cannot permanently sell stamps at $0.49 each.READ MORE: 5 St. Cloud Bank Employees Unharmed After Hourslong Hostage Ordeal; Ray Reco McNeary In Custody
Up until about a year ago, they cost just $0.46, but jumped when the Postal Service claimed it lost billions of dollars in the recession.READ MORE: How Much Is A Mother's Work Worth?
However, regulators said they could only recoup about three-billion from the rate hike. That cap will be reached this summer.MORE NEWS: COVID Restrictions: Walz To End Capacity Restrictions By May 28, Mask Mandate By July 1
It’s unclear when the rates will go down and by how much.