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

yesterday in Entertainment

REVIEW: Cast keeps ‘Heaven Is for Real’ grounded

This image released by Sony Pictures shows Connor Corum, left, and Greg Kinnear in a scene from "Heaven Is For Real."

Based on the true story described in the best-selling book, the film introduces us to a four year old boy who says he went to heaven.

yesterday in Entertainment

Could we soon see ‘Mrs. Doubtfire 2?’

robinwilliams

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

yesterday in Music

Willie Nelson doesn’t get older; he just gets cooler

willienelson

Just days before his 81st birthday, the country star will pick up a fifth-degree black belt.

yesterday in Music

’15 ACM Awards sell out in mere minutes

acm

Next year's Academy of Country Music Awards is already a hit.

yesterday 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.