The Postal Accountability and Enhancement Act of 2006 (PAEA) ushered in a new regulatory structure for the U.S. Postal Service. One key element was a price cap on market dominant products. (Most of the Postal Service's products are market dominant.) This means that price increases for market dominant products are capped by the rate of inflation as measured by the Consumer Price Index (CPI).
“Every vote counts!” is a common election-time cry to get people to the ballot box, but it took on a whole new level of meaning for the Postal Service last year. During the 2020 general election alone, the Postal Service delivered over 135 million ballots to and from voters.
Prior to the...Read More