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.

Latest Headlines

1 hour ago in Entertainment

Could we soon see ‘Mrs. Doubtfire 2?’

Fresh
robinwilliams

This could be the sequel we've been waiting for.

today in Entertainment

Amy Poehler and Will Arnett officially file for divorce

poehler

Though they've been separated since 2012, we're sad to see one of Hollywood's funniest couples split.

today in Music

Singer Chris Brown’s bodyguard goes on trial in DC

washington

The singer's bodyguard is on trial on assault charges, a case that will be a preview for the musician's own trial.

today in Entertainment

‘Hobbit’ star found guilty in drug case

mikaelbran

Actor Mikael Persbrandt has been sentenced to five months in jail for buying cocaine.

today in Music, Viral Videos

Watch Taylor Swift’s video blog of bridal shower surprise

taylor

The superstar documented her surprise appearance at an Ohio bride's celebration.