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

Murder, revenge , lust take over ‘Sin City’ sequel

Fresh
sincity

A complex web is weaved in "Sin City: A Dame to Kill For," as old and new faces from Frank Miller's graphic novels are brought to life.

in Entertainment

Julianne Hough dances back to ‘Dancing’ as judge

Fresh
hough

Two-time champion Hough is returning to the ballroom as a judge this season.

in Music

J. Lo plans to pen her life story

Fresh
lopez

Jennifer Lopez is adding author to her resumé, with her first book due out this fall.

in Music

Ariana Grande & Iggy Azalea taking over top 10

iggyariana

The "Problem" collaborators are dominating the Billboard Hot 100 with three mentions apiece.