Inslee ending presidential bid, will seek 3rd term as governor

USPS seeks to hike stamps to 49¢

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

WASHINGTON — The United States Postal Service announced Wednesday that it has proposed new prices for the coming year.

post office truck

The agency proposed the following, which would go into effect January 26, 2014:

  •  Letters (1 oz.) – 3-cent increase to 49 cents
  •  Letters additional ounces – 1-cent increase to 21 cents
  • Letters to all international destinations (1 oz.) – $1.15
  • Postcards – 1-cent increase to 34 cents

The Postal Service hoped the price increases would generate $2 billion in revenue. Board of Governors Chairman Mickey Barnett said the Postal Service is facing financial challenges and that raising prices was a last resort, but necessary in order to meet current postal needs.

The Postal Regulatory Commission will review the prices before they become effective, and decide if they are consistent with current law.

More information about the proposed increases can be found here.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.