USPS seeks 3-cent increase for first-class mail - WFLA News Channel 8

USPS seeks 3-cent increase for first-class mail

Posted: Updated:
Associated Press Associated Press
WASHINGTON -

The financially struggling 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.

  • U.S.More>>

  • US doctor cured of Ebola, calls release 'miraculous day'

    US doctor cured of Ebola, calls release 'miraculous day'

    Thursday, August 21 2014 11:42 AM EDT2014-08-21 15:42:22 GMT
    A doctor at the hospital that treated two American aid workers who were infected with the deadly Ebola virus in Africa says their discharge poses no public health risk.
    A doctor at the hospital that treated two American aid workers who were infected with the deadly Ebola virus in Africa says their discharge poses no public health risk.
  • Holder says he understands mistrust of police

    Holder says he understands mistrust of police

    Thursday, August 21 2014 1:23 AM EDT2014-08-21 05:23:27 GMT
    Police and protesters in Ferguson were finally able to share the streets again at night, putting aside for at least a few hours some of the hostility that had filled those hours with tear gas and smoke.
    Attorney General Eric Holder sought Wednesday to reassure the people of Ferguson about the investigation into Michael Brown's death and said he understands why many black Americans do not trust police, recalling how he...
  • Beheading spurs new attacks on Islamic militants

    Beheading spurs new attacks on Islamic militants

    Wednesday, August 20 2014 7:34 PM EDT2014-08-20 23:34:42 GMT
    Militants with the Islamic State extremist group have beheaded American journalist James Foley and are threatening to kill another hostage in retaliation for U.S. airstrikes in northern Iraq.
    The United States launched a new barrage of airstrikes Wednesday against the Islamic State extremist group that beheaded American journalist James Foley and that has seized a swath of territory across Iraq and Syria....
Powered by WorldNow

200 South Parker Street, Tampa, FL 33606

Telephone: 813.228.8888
Fax: 813.225.2770
Email: news@wfla.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.