Politics & Government
Stamp Prices Going Up Again?
Feeling nickel and dimed by the U.S. Postal Service? The proposed hike for the price of a stamp is 3 cents.
The U.S. Postal Service is looking to raise the price of a stamp again.
The Postal Service announced Wednesday that it is seeking approval from the Postal Regulatory Commission to raise stamp prices by 3 cents, from 46 to 49 cents. The cost to mail a postcard would also increase, from 33 to 34 cents. If approved, the increases would take effect on Jan. 26.
In a letter sent to customers, Board of Governors Chairman Mickey Barnett said the Postal Service's "precarious financial condition" is the key reason for the requested increase. The hike is expected to generate an additional $2 billion in annual revenue.
The Postal Service last raised the cost of stamps last January, by 1 cent.
Do you support the proposed 3 cent postage rate hike?
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