UsPostalService

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.

A story posted earlier today reported the dire situation of the U.S. Postal Service. Increasing costs, particularly fuel, and declining revenue from mail advertising has resulted in a $2.8 billion shortfall last year, with more expected in 2009. As the Postmaster General noses around D.C. looking...