If that bill becomes law, the Board of Governors will go back and look at the price increases and make changes to the raised prices where they see the need, according to Watkins.
In order for the rate proposal to be added into Postal Service law, it must be approved by the independent Postal Regulatory Committee. If accepted, the proposal would be effective Jan. 26 of next year.
The Postal Service last raised prices on postage on Jan. 27, which included adding one cent to the cost of first-class mail.
— To see reporter Josh Vardaman’s Twitter feed, go to @CourierJosh