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Postal Service Increasing Prices

The United States Postal Service is increasing its prices.

FOX News Radio’s Ron Flatter has details:

Audio clip:

The Postal Service says it’s going to lose $15 billion this year. So it’s raising its rates.

(Song) “Aye yeah love letter…”

The price to mail that letter goes up a penny in late January to 46 cents. The post office wanted to push it to 50 cents, but that would require an act of Congress and the House hasn’t voted on it.

It’s also introducing a global-forever stamp for a $1.10. It will let you send a letter anywhere in the world and priority-mail rates will go up 4%.

Ron Flatter, FOX News Radio.

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One Comment

  1. drillbabydrill77

    October 12, 2012 at 12:33 pm

    Contrary to most businesses, the USPS seems intent on pricing itself out of business.

    It should lower the price to $0.10 per letter, and see it's volume rise.