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 Entertainment

Want something sold? Get Liam Neeson to pitch it

liamneeson

The "Taken" star has edged out fellow Irish actor Pierce Brosnan to be named the most effective celebrity pitchman.

in Music

Patti LaBelle giving fans personal tour of her hometown

pattilabelle

The "Lady Marmalade" hitmaker will join music journalist Mick Rock for a visit to her childhood home and the theater where she launched her career.

in Entertainment

‘The Shining’ cast reunites for 35th anniversary

Updated
shining

Members of the cast and crew of classic horror film “The Shining” came together on Tuesday to commemorate the 35th…

in Entertainment

‘Saved by the Bell’ star headed to trial in alleged Christmas stabbing

dustindiamond

The actor who portrayed Screech on the hit '90s show faces multiple charges relating to a bar fight.

in Entertainment

‘Game of Thrones’ star overwhelmed with fame

maisiewilliams

One of the hit show's youngest cast members says she is struggling to cope with the fame that comes with her role.