USPS Seeks 3-cent Increase For First-class Mail - WSPA.com

USPS Seeks 3-cent Increase For First-class Mail

Posted: Updated:
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 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.
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.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Top StoriesTop StoriesMore>>

  • Deputies: Powdery Substance Found In Iva Mailbox; Hazmat Responded

    Deputies: Powdery Substance Found In Iva Mailbox; Hazmat Responded

    Monday, September 1 2014 6:22 AM EDT2014-09-01 10:22:45 GMT
    File PhotoFile Photo
    Anderson County Fire, HAZMAT, EMS and Sheriff's Office responded to a call of a powdery substance found in a mailbox in Iva Sunday. 
    According to the Anderson County Sheriff's Office, a call came in about a person locating a powder in a mailbox on Continent Road.Once crews arrived on scene, it was determined that the substance had no biological threat. 
    Anderson County Fire, HAZMAT, EMS and Sheriff's Office responded to a call of a powdery substance found in a mailbox in Iva Sunday. 
    According to the Anderson County Sheriff's Office, a call came in about a person locating a powder in a mailbox on Continent Road.Once crews arrived on scene, it was determined that the substance had no biological threat. 
  • Child, Infant Killed After Boat Capsizes

    Child, Infant Killed After Boat Capsizes

    Monday, September 1 2014 4:17 AM EDT2014-09-01 08:17:41 GMT
    Child and Infant Killed After Boat CapsizesChild and Infant Killed After Boat Capsizes
    Anderson County Emergency Officials have recovered the body of an infant in Lake Hartwell after a boat capsized Sunday evening.

    Anderson County Emergency Officials have recovered the body of an infant in Lake Hartwell after a boat capsized Sunday evening.  Deputies tell us a 9 year old child died when a boat overturned.
  • Para-Cycling World Championships Boost Local Economy

    Para-Cycling World Championships Boost Local Economy

    Sunday, August 31 2014 10:45 PM EDT2014-09-01 02:45:02 GMT
    The UCI Para-Cycling Road World Championships are being hosted by the City of Greenville. It's the first time the event has been held in the U.S. since 1998.The UCI Para-Cycling Road World Championships are being hosted by the City of Greenville. It's the first time the event has been held in the U.S. since 1998.

    Organizers of the UCI Para-Cycling Road World Championships in Greenville say the five-day event could have a multi-million dollar impact.

    Organizers of the UCI Para-Cycling Road World Championships in Greenville say the five-day event could have a multi-million dollar impact.

Powered by WorldNow

250 International Dr.
Spartanburg, S.C. 29303

Telephone: 864.576.7777
Fax: 864.587.5430
Email: webmaster@wspa.com

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