stamp prices

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.

The Postal Service may be in deep financial trouble, but it won't mean consumers will have to pay two-cents more for a stamp come January. The Postal Regulatory Commission today rejected the Postal Service's request for a 5.6% rate increase. The commission's action wasn't a complete surprise. The...

Fourteen months after the last price hike, the USPS has proposed a two-cent increase in the cost of first-class postage, which would push the stamp to 46 cents. If approved, the new price would be effective Jan. 2, 2011. Still, the higher rate won't fix what really ails the service.