After Latest Loss, Post Office Weighs Higher Stamp Prices :-

WASHINGTON—The U.S. Postal Service, scrounging to stem a tide of deep losses, said Friday that it may pursue higher stamp prices later this year if Congress doesn't pass legislation that helps the agency cut costs.

After learning the Postal Service recorded a $1.9 billion loss in its most recent fiscal quarter (jan-march), the agency's board directed management to consider higher prices for delivery of first-class letters, periodicals and bulk mail. The agency has been trying to reverse quarter after quarter or record losses by focusing on labor concessions and worker retirements. But it has repeatedly said it needs help from Congress to fix its financial woes.

//the wallstreet journal //