MarketWatch / Associated Press.
Delivering the mail is among the most popular things the government does, with 91% of Americans having a favorable opinion of the Postal Service, according to a Pew Research Center poll.
A sweeping overhaul of the U.S. Postal Service meant to shore up the popular but beleaguered agency’s financial future and cement six-days-a-week mail delivery was signed into law Wednesday by President Joe Biden.
The legislation cleared Congress last month after fully a dozen years of discussion that took on a new sense of urgency amid widespread complaints about mail service delays. Officials had repeatedly warned that without congressional action, the Postal Service would run out of cash by 2024.
“The Postal Service is central to our economy and essential to rural America,” Biden said. He added that mailmen and women deliver 4 million prescriptions per day, along with letters, consumer goods and even live animals, “often to parts of the country that private carriers can’t or won’t or aren’t required to reach.”
The final legislation achieved rare, bipartisan support by scrapping some of the more controversial proposals and settling on core ways to save the service. Delivering the mail is among the most popular things the government does, with 91% of Americans having a favorable opinion of the Postal Service, according to a Pew Research Center poll released in 2020.
The bill signing came the same day the Postal Service announced it plans to raise rates effective July 10. Under the proposal submitted to the Postal Regulatory Commission, the cost of a first-class Forever stamp would increase by 2 cents to 60 cents.