The US Postal Service reported losing $2.2 billion in the second quarter of this year and currently has $160 billion in debt.
The US Postal Service says it plans to charge higher fees for domestic shipping ahead of the holiday season to help offset increased costs incurred during the pandemic and for the upcoming holiday shopping season, The Wall Street Journal reported.
It's not immediately clear whether businesses will pass the higher fees on to customers by charging higher prices for shipping. An Amazon spokesperson told Business Insider that the company won't be providing comment on how they plan to handle the surcharges. The US Postal Service is a government agency funded by the revenue it earns from stamps and other products and services, not taxpayer dollars. The agency reported losing $2.2 billion in the second quarter of this year.
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