Postal Regulatory Commission Chairman Robert Taub speaks during a news conference in Washington, Friday, Dec. 1, 2017. Federal regulators are moving to give the U.S. Postal Service more freedom to raise stamp costs beyond the rate of inflation. The commission's proposal would allow the beleaguered Postal Service to increase the price of a first-class stamp by an additional 2 percent above the rate of inflation to avoid bankruptcy and improve mail and package delivery. ( AP Photo/Jose Luis Magana)

Postal Regulatory Commission Chairman Robert Taub speaks during a news conference in Washington, Friday, Dec. 1, 2017. Federal regulators are moving to give the U.S. Postal Service more freedom to raise stamp costs beyond the rate of inflation. The commission's proposal would allow the beleaguered Postal Service to increase the price of a first-class stamp by an additional 2 percent above the rate of inflation to avoid bankruptcy and improve mail and package delivery. ( AP Photo/Jose Luis Magana)

Regulators move to let stamp prices jump

By HOPE YEN The Associated Press
This article was published December 2, 2017 at 4:00 a.m.

WASHINGTON -- Seeking to bolster the ailing U.S. Postal Service, federal regulators moved on Friday to allow bigger jumps to stamp prices beyond the rate of inflation, a move that could eventually add millions more dollars to companies' shipping rates from prescription drugs to magazine subscriptions.

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