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 Local

Boston Out In Olympic Bid 2024

boston

By Eddie Pells The Associated Press Boston’s bid to host the 2024 Olympics is over. A person familiar with the…

in National, Sports

U.S. Olympic Committee ends effort to bring 2024 Games to Boston

olympics

Boston backed out of its effort to host the 2024 Olympics, hours after the mayor said he would not "commit" to a deal if it meant taxpayers would foot the bill for hosting such a large-scale event.

in National

Safety regulators fine Chrysler record $105 million

chrysler

The automaker's agreement with the National Highway Traffic Safety Administration contains an unprecedented buyback option covering hundreds of thousands of vehicles.

in Local

Springfield Gunnery Sergeant Laid To Rest Monday

Tommy Sullivan

Residents are being encouraged to line up along Sumner Avenue at noon, which is when the motorcade is expected to leave Holy Cross Church for the cemetery

in Local

Massachusetts Lawmakers To Hold Health Bill Hearings

ma statehouse

The bills include a proposal for more restrictions on tanning booths and legislation that would create a commission to study the health impacts from wind turbines