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 National

Making headlines this week

kiss

A look at the news that made headlines and the stories you might have missed.

in National

Meat, seafood prices soaring on drought and disease

meat

Get ready for your grocery bill to jump even higher.

in National

Republicans may try to impeach Obama

obamprez

A top White House adviser says Republicans may try to impeach President Barack Obama over his go-it-alone immigration strategy.

in Local

Belchertown State School property to be assisted living complex

Belchertown State School

Close to $4 million dollars in state money is being made available to clean up the former Belchertown State School property.

in Local

Road closing during construction project

construction

Damon Road will be closed to through traffic for much of the weekend because of a railroad crossing construction project.