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

1 hour ago in Local

Health Organizations in Nebraska Watching the Zika Virus

Fresh
mosquito

Health organizations are carefully monitoring the spread of the Zika virus after a large outbreak in May of last year in Brazil.

8 hours ago in Local

Property Tax Debate Continues in Nebraska

nebraska-state-capital

Governor Pete Ricketts told a legislative committee Nebraskans demand property tax relief...and the Unicameral needs to respond this year.

10 hours ago in Local

SD Legislature Keeps Conceal Carry Bill Alive

ruger gun

The South Dakota House State Affairs Committee narrowly passed a bill that would allow people with an enhanced concealed weapons permit to possess those weapons in the state Capital and any county courthouse.

11 hours ago in Local

SD Counties Have to Wait for Additional Dollars

state capitol pierre

South Dakota Governor Dennis Daugaard has told county commissions to “be patient” as money from taxes and fees that were raised last year flow to local governments.

21 hours ago in Local

Minnesota Governor Dayton See Fire Damage in Medelia

dayton

Minnesota Governor Mark Dayton was in Madelia and got a first-hand-look at the damage from this week's fire that leveled several businesses along Main Street.