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

Search On For Workers

employment help wanted

The main mission of Yankton Area Progressive Growth over the years was to recruit new businesses to move and bring jobs to the area.

in Local

Yankton County Treasurer Resigns

IMG_0671

Long time Yankton County Treasurer Pam Marchand will be stepping down.

in Local

Flooding Risk Low

Missouri River Mulberry Bend 60111

With dry conditions holding over from last fall, and very little snow pack, the flood outlook for eastern South Dakota is very low.

in Local

February Cold and Snowy in Iowa

sd winter

Iowa State Climatologist Harry Hillaker says February will goes into the record books in the top ten in both cold and snow.

in Local

Improvements Expected In Iowa Economy

market growing up

Most of the CEOs of Iowa's largest companies are expecting improved sales and steady or slightly higher employment levels over the next six months.