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.

Portland Weather

condition Condition: Patchy light snow
Temperature: 34°
High: 38° - Low: 19°

Latest Headlines

in Entertainment

This weekend in entertainment history

rainman

A look back on some of Hollywood's most memorable headlines.

in Music

Taylor Swift, Joe Walsh surprise fans at Kenny Chesney concert

Kenny Chesney performs on ABC's "Good Morning America" on Friday, Aug. 9, 2013 in New York.

Taylor Swift and Joe Walsh surprised the crowd at a Kenny Chesney concert by appearing onstage for impromptu duets.

in Music

This week’s top country tracks

aldean

LISTEN: This week's top country tracks, according to the latest Billboard chart.