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 Sports

This week’s top sports shots

AP_51535953719

A look at some of this week's biggest plays and best moments in sports.

in Sports

This weekend’s sports schedule

cardinals

Here's a look at some of this weekend's big sporting events.

in National

Making headlines this week

AP_595026758855

A look at some of this week's biggest newsmakers and the headlines you may have missed.

in Entertainment

Fall TV: What to watch

19-overlay

Fall is here and that means it's time to clear your DVRs and get ready for a new season of shows.

in Entertainment

WHAT’S ON: New on Netflix, Amazon & Hulu in September

netflix

A long holiday weekend is the perfect time to binge watch.