Tags: stamp | price | rises | penny

Mailing a Letter to Cost a Penny More Next Year

Tuesday, 18 Oct 2011 03:24 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON — It'll cost a penny more to mail a letter next year.

The cash-strapped U.S. Postal Service announced Tuesday that it will increase postage rates on Jan. 22, including a 1-cent increase in the cost of first-class mail, to 45 cents.

Under the law the post office cannot raise prices more than the rate of inflation, which is 2.1 percent, unless it gets special permission from the independent Postal Regulatory Commission. The PRC last year turned down such a request.

The post office lost $8 billion in fiscal 2010 and the bottom line is likely to be even worse when final figures for fiscal 2011 are released next month.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Poll: Almost Half of Doctors Give Obamacare 'D' or 'F' Grade

Wednesday, 17 Sep 2014 20:09 PM

Demoralized U.S. doctors who are down on Obamacare, and on an increasingly burdensome bureaucracy, are giving the presid . . .

Study: Want Cheaper Gas, Economic Growth? Lift Oil Exports Ban

Wednesday, 17 Sep 2014 16:54 PM

For nearly 40 years, there's a been a ban on exporting crude oil from the United States to other nations in the world. . . .

Odile Threatens US-Mexico Border With Flooding, Mudslides

Wednesday, 17 Sep 2014 16:25 PM

Odile threatened to spark floods and mudslides on the US-Mexico border Wednesday after devastating beach resorts and str . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved