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On May 10, local time, Russian Presidents Press Secretary Peskov said that Russia is actively developing relations with many countries and will continue to do so. Peskov pointed out that it is very difficult to isolate Russia because Russia occupies a very important position in the world. In addition, Peskov also said that Russian President Putin is willing to engage with leaders of any country in the world, and he is willing to interact to the extent that they are ready to cooperate.On May 10, California Governor Gavin Newsom criticized the U.S. federal government in a video posted on social media. He said that the U.S. governments current tariff policy "may cause the United States to lose its position as the worlds largest economy." In the video, he criticized the U.S. governments tariff policy for blocking U.S. imports and directly affecting the daily lives of ordinary people. "In a few months, people will lack school bags and Christmas toys. Tariffs will make American families even worse." Newsom said that as the state with the strongest economic power in the United States, California occupies an important position in the global economy, precisely because California is committed to "reducing trade barriers and providing quality services to American consumers", but the current tariff policy is undermining all of this, leading to rising prices and stagnation at ports.Kremlin: European countries statements have a "confrontational character".May 10th news: On the evening of May 9th local time, a US federal judge ruled that the Trump administration may not continue to advance its large-scale layoffs or major restructuring plans for multiple federal agencies based on an executive order issued in February this year.Ukrainian President Zelensky: We all agree that the conflict in Ukraine must be ended "in a dignified and peaceful manner."

The United States Postal Service plans to raise the price of postage stamps to 63 cents

The United States Postal Service plans t

Oct 08, 2022 10:54

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The United States Postal Service (USPS) said on Friday that it will increase the price of first-class Forever stamps from 60 cents to 63 cents to account for inflationary costs.


The USPS notified the Postal Regulatory Commission of the proposed hike and desires that it go into effect on January 22. The postmaster general of the United States, Louis DeJoy, indicated in August that inflation will cause USPS costs to exceed its 2022 budget projection by well over $1 billion.


The price of a single-piece letter and a flat additional ounce will remain unchanged, however the price of an international letter will increase by five cents to $1.45.


According to USPS, the cost of first-class mail will increase by 4.2%.


DeJoy has said that the USPS has undercharged for package and mail delivery for several years.


The USPS reported net losses of more than $90 billion from 2007 until August, when it claimed a one-time, non-cash windfall of $59.6 billion after President Joe Biden signed financial relief legislation. Despite having to deliver to a growing number of addresses, the USPS has suffered with diminishing mail volume.


The proposed change outlined by DeJoy in March 2021 aims to eliminate the predicted losses of $160 billion over the next decade.


DeJoy warned that despite improvements, losses will still reach $60 to $70 billion over the next decade, and the USPS would need to reduce operating expenses by $35 to $40 billion.


"I must use price," DeJoy declared in July, adding that he feels mailers "got a deal for the past decade, and we're charging them."


The price of a first-class stamp rose from 58 cents to 60 cents in July, after a 3-cent hike in August 2021.


The U.S. Postal Service will get $3 billion from Congress to enhance its acquisition of electric cars and charging infrastructure. In July, the U.S. Postal Service declared its intent to acquire at least 250,000 electric cars.

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