Dec. 24, 2013
WASHINGTON (AP) - Mailing a letter is about to get a little more expensive.
Postal regulators on Tuesday approved a price hike of 3 cents for a first-class stamp, bringing the charge to 49 cents a letter.
The independent Postal Regulatory Commission said the change was justified by severe mail volume decreases since 2008.
The new price is effective Jan. 26 and will last no more than two years, allowing the Postal Service to recoup $2.8 billion in losses.
Regulators rejected a request to make the price hike permanent.
Bulk mail, periodicals and package service rates rise 6 percent.
The mail industry opposes the price increases. It says charities using mass mailings and bookstores competing with Amazon will suffer.
The Postal Service says it lost $5 billion in the last fiscal year.
The comments sections of Newsplex.com are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we only ask that you use your best judgment. E-mail is required, but will not be displayed with comment.
As a host Newsplex.com welcomes a wide spectrum of opinions. However this is a site that we host. We have a responsibility to all our readers to try to keep our comment section fair and decent. For that reason The Newsplex reserves the right to not post or to remove any comment.
If you have any ideas to improve the conversation or this section let us know. Send an e-mail to email@example.com.
powered by Disqus