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

31 mins ago in Local

State Museum to Reopen with Governor’s Amendatory Veto

Fresh
Illinois State Museum

Rauner has amendatorily vetoed a bill lawmakers approved a few months ago that would reopen the museum and all its satellite locations.

39 mins ago in Local

Woman Convicted of Involuntary Manslaughter of Child Sentenced

Fresh
Cammie Kelly

Cammie Kelly is going to prison for four years.

55 mins ago in Local

Students to Rauner: Don’t Close Our National Guard Armory

Fresh
Delavan High School Students

Students from the Peoria area showed up at the Capitol in an effort to save their local National Guard Armory from closing.

1 hour ago in Local

Rauner Touts Government Consolidation

Fresh
rauner

The proposals include legislation allowing voters to decide whether to dissolve units of local government.

3 hours ago in Local

Artifacts to be Removed from Rock Island Arsenal Collection

Updated
Rock Island Arsenal

About 3,200 artifacts will be removed from the Rock Island Arsenal Museum's collection amid an upcoming reduction in staff.