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

Springfield Diocese Removes Pastor Accused of Abuse

Fresh
catholic_cross

The alleged misconduct occurred in Jacksonville in 1980.

in Local

McFarland Becomes Chairman of “Invest in 186″

Fresh
5-5-15 Scott McFarland

Scott McFarland was announced as the new chairman of "Invest in 186"

in Local

Fallen Corrections Officers Honored

5-5-15 IDOC Memorial

The community of people who work in the state's corrections and juvenile justice systems came together to honor their fallen comrades.

in Local

Illinois Gas Prices Creep Upward

Updated
gas2

The statewide average stands Tuesday at $2.69

in Local

Coroner: No Trauma Present in Body Found Behind Shopping Center

medical

A man found dead behind a Springfield shopping center did not die from a traumatic experience.