News

It’s going to cost more to mail that letter

It’s going to cost more to mail that letter

The USPS says it needs to increase the cost of a first-class stamp. Photo: Associated Press

WASHINGTON (AP) — The financially ailing Postal Service is seeking a 3-cent increase in the cost of mailing a letter — and that would raise the price of a first-class stamp to 49 cents.

The chairman of the postal Board of Governors, Mickey Barnett, cites the “precarious financial condition” of the agency and the uncertain prospects for postal overhaul legislation in Congress.

The agency expects to lose $6 billion this year.

Wednesday’s request for the increase in stamp prices must be approved by the independent Postal Regulatory Commission.

The Postal Service said it would ask for adjustment to bulk mail rates in a filing with the commission Thursday. No details were immediately provided.

Media and marketing businesses say a big increase in rates could hurt them and lower postal volume and revenues.

Recent Headlines

21 minutes ago in Trending, Viral Videos

TODAY’S MUST SEE: Brian Williams raps ‘Gin & Juice’

Fresh
birna

After he leaves the "NBC Nightly News," Brian Williams might have a future in music.

yesterday in Viral Videos

Action Movie Kid flies to school

Action Kid Flies

Who needs a school bus when your dad is an animator?

yesterday in Viral Videos

Priest’s surprise

Updated
priest

A priest gives a bride and groom the wedding vows of a lifetime.

Monday in Viral Videos

The 100 Peeps Challenge

Peep Challenge

How long would it take you to eat 100 Peeps?

Monday in Viral Videos

‘Kiss the Girl’ in real life

Kiss The Girl

Singing Disney's "Kiss the Girl" in The Little Mermaid is cute, but doing it in real life is weird.