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Price of stamps to go up 3 cents

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WASHINGTON (AP) - The cost of mailing a letter is a month away from increasing by three cents. That means the rate will be 49 cents for a first-class stamp.

But many consumers won't have to pay the extra cost immediately. That's because 'forever stamps' can be purchased at the lower price until the new rate is effect Jan. 26.

The temporary rate increase will remain in effect only until the Postal Service can recoup $2.8 billion in losses. The independent Postal Regulatory Commission rejected a request to make the price hike permanent.

Bulk mail, periodicals and package service rates will rise 6 percent. The new price of a postcard stamp, raised by a penny to 34 cents in November, also is effective next month.

The post office has been hit hard by declining mail volume because of the recession and growing Internet use. It also struggles because Congress requires it to prepay $5.6 billion annually for the health care costs of future retirees.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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Don't forget

The Constitution guarantees the postal service run by the government.
mess with THAT and the second amendment would be next.

Vog

Ah the Postal service!

The whipping boy of Congress !
They hurt themselves with revelations of home purchases for big wigs.
But of course the main factor was the Congress and the outrageous demands they put on the postal service for prepaying HC costs for future retiress. They should do it for themselves as well.
But they are messing with the Constitution here as the US Postal service is mandated by that document.
I say raise the price of a stamp to 60 cents, let them operate at a profit(they are almost there now) and let them use those profits to prepay their legacy HC costs.
Eventually the USPS will not be needed except for package delivery as mail volumes have decreased over the last few years. Lets get to that point then decide what to do...

Vog

Sounds like the Post Office

Sounds like the Post Office is about to join the newspapers and traditional long distance telephone carriers. Newspaper classifieds have been replaced by Craig's List and long distance by cell phones and Magic Jacks. The Post Office is next. Instead of raising postage rates and causing more people to use alternate services, maybe they should do some serious streamlining of their operations. I rarely go to the PO for anything anymore, but when I do, it is normal to see several employees standing around talking with apparently nothing to do. Maybe their hours could be cut or most all of them put on part-time as needed. The consumer is getting sick and tired of carrying everybody's load.

Yup

Just like government... when will they learn that raising taxes, in this case called a stamp, isn't going to fix their issues?! Instead of FIXING the problem. .. they just want more money to adjust for problems that a real life business would be looking to correct. ..

who cares i dont us the usp.

who cares i dont us the usp.