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

T-Mobile Customers May Be Eligible for Refunds

local_news_generic

Court ruling says cellphone company illegally charged customers

in Local

Quinn Appoints Former Budget Director as Comptroller

FILE - In this March 6, 2013 file photo, Illinois Comptroller Judy Baar Topinka gestures on the House floor at the state Capitol in Springfield, Ill. Topinka, who won a second term in November 2014, died early Wednesday morning, Dec. 10, 2014, less than 24 hours after having a stroke, according to her office. She was 70. Topinka previously served three terms as Illinois state treasurer, was a former Illinois GOP chairwoman and ran for governor in 2006.

Illinois Gov. Pat Quinn is scheduled to announce the successor to late Comptroller Judy Baar Topinka at a Friday event in Chicago.

in Local

Deputies to Be More Visible in Rural Areas

sangamon county sheriff

Barr wants his department on the country roads more

in Local

Durbin: New Budget Acceptable, Needs Tweaking

dickdurbin2

Says some provisions need to be changed