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?

Make Your Bowl Game Picks!

CollegeBowlGame_Challenge2014_int_wp

Make your college bowl game picks for a chance to win a $250 Dickey’s gift card!

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

This weekend’s sports schedule

Fresh
kentucky

A complete look at this weekend's sports schedule.

in Sports

This week’s top sports shots

Fresh
AP775340197327_3

A look back at the big sports stories and best photos from this week.

in National

Making headlines this week

Fresh
AP32876106925_13

A look back on some of the week's biggest stories and the headlines you may have missed.