Panel Considers Raising Stamp Price

postal service mail Panel Considers Raising Stamp PriceThe independent commission that oversees the Postal Service is preparing to deliver its verdict on a request for a 2-cent increase – to 46 cents – in the cost of mailing a letter.

The Postal Regulatory Commission plans to reveal its decision on requested rate increases at a news conference Thursday.

In July the Postal Service proposed raising first-class postage from 44 cents to 46 cents as part of a strategy for dealing with a deepening financial crisis. The Postal Service lost $3.8 billion last year and is on track to lose $7 billion this year and next.

With mail volume continuing to decline in the Internet age and the economic meltdown reducing advertising mail, the Postal Service is seeking other rate increases as well.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

  • Jim

    The Post Office needs to stop using meter and similar and use stamps on all items brought into the office for mailing. This just might encourage people to become collectors, and interesting hobby. People are not going to join the hobby if stamps don’t appear on their regular mail. A stamp sold to a collector is “free” money to the Post Office.

blog comments powered by Disqus
Best Winter Festivals In Metro Detroit
Thanksgiving Parade Guide

Watch & Listen