US Postal Service

Mailing a Letter to Cost a Penny More Next Year

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 one-cent increase in the cost of first-class mail, to 45 cents.

U.S. Postal Service May Close Thousands of Post Offices

The U.S. Postal Service is considering closing 2,000 post offices across the country this year. This could put thousands of government employees out of work. A short-term win as part of deficit reduction could be a long-term loss for employment and the economy.