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 Music

Sara Evans has Christmas all wrapped up

Fresh
saraevans

The country star is preparing an early Christmas gift for fans by unveiling plans to release her first album of holiday favorites.

in Music

Blake Shelton makes chart history

Fresh
blakeshelton

Blake Shelton is the first country artist to top the Billboard Artist 100 chart.

in Entertainment

‘Breaking Bad’ star: ‘Florida mom messed it up for everyone’

Fresh
aaronpaul

"Breaking Bad" star Aaron Paul has blasted bosses at Toys 'R' Us, and started his own petition to get the action figures back on store shelves.

in Trending, Viral Videos

TODAY’S MUST SEE: Spooky ‘Shining’ inspired IKEA commercial

Fresh
17-overlay2

You'll never aimlessly wander the floors of IKEA the same way again.

in Music

Glen Campbell’s documentary debuts today

Fresh
glencampbell

"Glen Campbell: I'll Be Me" opens in theaters today and features a look back on the "Rhinestone Cowboy's" career and his battle with Alzheimer's disease.