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

in Weird

Woman mistakes jail for bar

Fresh
jail2

One is a building with bars. The other is a building with a bar. A very drunk woman apparently had trouble telling them apart.

in Music, Viral Videos

WATCH: ‘Stingtones’

24-overlay2

What if Sting recorded your cell phone ringtone - or, even better - your voicemail message?

in Weird

Ebola ‘toys’ are all the rage

germs

It may be the only time you will find these words in the same sentence: "Ebola" and "Add to Wishlist."