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

Former ‘American Idol’ contestant Joanne Borgella dead

joanneborgella

The singer/model passed away on Saturday, a year she was diagnosed with endometrial cancer.

in National

Human remains found in search for missing UVa. student

hannahgraham

Searchers looking for Hannah Graham found human remains in a rural area, five weeks after she was last seen.

in Entertainment

This weekend in entertainment history

springsteen

A look back at the Hollywood headlines that made history.