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The buzz surrounding the United States Postal Service is focused on the recent proposed price changes filed with the Postal Regulatory Commission, just one of the many steps being taken to tackle the crisis situation surrounding the USPS. Traditionally, the Postal Service is limited to rate increases of no more than the rate of inflation, which as of May stood at 0.9%. The recently proposed rate increase filed by the USPS was at 5.6%, which further reflects the severity of its economic condition.

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Peter Westerman

Credit Union Times

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