(NEXSTAR) -- A standard first-class stamp costs 73 cents today, but that price could go up five times within the next three years.

The United States Postal Service proposed raising the price of postage stamps in a document submitted to the Postal Regulatory Commission on Monday.

The price hikes would begin in July 2025, followed by additional increases every January and July through the end of 2027. The agency said these adjustments are necessary for it to meet its "legal obligation to be financially........

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