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

1 hour ago in Entertainment

Today in entertainment history: Feb. 8

Fresh
carlysimon

A look back on some of Hollywoods memorable milestones.

6 hours ago in Entertainment

Doritos, Esurance early ad winners on social media during Super Bowl

beyonce

From the cute and trendy to the downright creepy, Super Bowl 50 was full of ads to remember - and a few that we'd like to forget.

6 hours ago in Entertainment, Sports

TWITTER REACTS: Super Bowl 50 halftime show

Coldplay singer Chris Martin sings during halftime of the NFL Super Bowl 50 football game between the Denver Broncos and the Carolina Panthers, Sunday, Feb. 7, 2016, in Santa Clara, Calif. (AP Photo/David J. Phillip)

Coldplay has a lot of fans ... but most of them were not on Twitter on Sunday night.

6 hours ago in Entertainment, Sports

Coldplay, guests rock Super Bowl 50 halftime

Beyoncé, from left, Coldplay singer Chris Martin and Bruno Mars perform during halftime of the NFL Super Bowl 50 football game between the Denver Broncos and the Carolina Panthers, Sunday, Feb. 7, 2016, in Santa Clara, Calif. (AP Photo/Julio Cortez)

Coldplay, Beyoncé, and Bruno Mars brought down the house on Sunday night for an unforgettable Super Bowl halftime show.

6 hours ago in Sports, Trending, Viral Videos

WATCH: Super Bowl 50 commercials

14-overlay-1

A 30-second commercial spot on Super Sunday can cost up to $5 million. Which Super Sunday ad was your favorite?