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Cost of a Stamp Just Went Up 3 Cents
USPS gets rate hike; stamp will now cost 49 cents
By Polly Davis Doig, Newser Staff
Posted Dec 24, 2013 4:05 PM CST
In this Thursday, Feb. 7, 2013, file photo, US Postal Service letter carrier Michael McDonald delivers mail in Atlanta.   (AP Photo/David Goldman, File)

(Newser) – The good old USPS got its three-cent rate hike approved today, in a move aimed at stemming the $5 billion that the post office says it lost in the last fiscal year. The change—which brings the cost of a first-class stamp to 49 cents—goes into effect on Jan. 26 for no more than two years, notes the AP, and the Postal Service hopes it will allow it to recoup some $2.8 billion. The first-class stamp wasn't the only product affected: Bulk mail, package services, and periodicals will also see a 6% hike.

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Lou Bernardo
Dec 26, 2013 10:35 AM CST
Looks like the attempt to get rid of the useless Saturday delivery to save a few million a week was ditched because of the spineless Congress that caved to the postal union and little old ladies who can't live without their daily junk mail and who complained to their vote hungry politicians,. The increase will just hurry the financial problems. Junk mail should cost as much as first class because it takes as much work to deliver it to mail boxes and more to carry the trash away by waste haulers.
Dec 26, 2013 9:49 AM CST
Y mail a ltr to ur bb tdy wn u cn txt? Review cover letters and resumes from many of today's college grads and you'll get the answer!
Dec 26, 2013 9:24 AM CST
Sounds like the USPS just got 3 cents closer to extinction.