Wednesday, Dec. 25, 2013
WASHINGTON (AP) -- It's about to cost close to 50 cents to mail a letter.
Regulators have approved a temporary price hike of 3 cents for a first-class stamp, bringing the cost of mailing a letter to 49 cents, beginning Jan. 26.
The Postal Service hopes the higher rate will help it recoup about $2.8 billion in losses.
The price hike is to last no more than two years.
(Copyright 2013, The Associated Press)