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 Entertainment

Today in entertainment history: Sept. 18

Fresh
In this undated photo, Jimi Hendrix performs with a Fender Stratocaster electric guitar. The Stratocaster, used by countless professional and amateur musicians, celebrates its 60th anniversary in 2014.

A look back on some of Hollywood's most memorable moments.

in Entertainment, Weird

‘Frozen’ wedding gown for brides who can’t ‘Let it Go’

frozen

Brides everywhere can soon get married in true Disney fairytale style.

in Entertainment

Taylor Swift leads ‘best dressed’ list

taylorswift

The annual list of celebrity style icons includes Oscar-winner Lupita Nyong'o, Rihanna, and Blake Shelton.

in Entertainment, Sports

‘NBA 2K15′ adds 3D face mapping for latest game

nba

"NBA 2K15" is angling for a slam dunk with an innovative new feature that allows players to put their game faces on.

in Music

Bobby Womack left behind big debt

In this June 22, 2012 photo, musician Bobby Womack poses for a portrait in Los Angeles. With health and drug problems behind him, Womack makes his return with a new album, "The Bravest Man in the Universe."

The "If You Think You're Lonely Now" hitmaker left behind debts of more than $500,000.