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.

What's On 'KLH?

Favorite Fish Fry

FavoriteFishFry_int_wp

Tell us your Favorite Fish Fry to win a $300 ticket package! Brought to you by Zounds Hearing Center.

Hire Me MKE

HireMeMKE_620x400

Looking for a job around the Milwaukee area? Check out some openings>>

Wanna Play DJ?

HEYMOM

You can host your own show Sunday night at 6 on ‘KLH!

Recent Headlines

in Sports

Aaron Rodgers and CBS reporter duke it out on Twitter

Fresh
aaronrodgers

Dennis Dodd was not happy that the Packers QB refused an interview request during Saturday night's game ... and he made sure everyone knew it.

in Music

Andy Summers: ‘The Police will always have a special bond’

Fresh
andysummers

Industry insiders claimed the trio's most recent reunion fell apart amid backstage squabbles, but the guitarist says it's just not true.

in National

FBI: Shooting at NSA gate at Fort Meade not related to terrorism

Updated
NSAshooting

Officials say two men tried to ram the gates of Fort Meade, where the National Security Agency is housed.