News

It’s going to cost you more to mail a letter

It’s going to cost you more to mail a letter

PRICE HIKE: A general view of the new stamp at the launch of the U.S. Postal Service’s limited-edition Cut Paper Heart Forever stamp, this year’s installment to the Love stamp series, on Tuesday, Jan. 21, in New York. The cost to mail a first-class letter increased by 3 cents. Photo: Associated Press/Dario Cantatore/Invision

WASHINGTON (AP) — It’s going to cost you a few pennies more to mail a letter.

The cost of a first-class postage stamp is now 49 cents — 3 cents more than before.

Regulators approved the price hike in December, and it went into effect on Sunday.

Many people won’t feel the increase right away: Forever stamps are good for first-class postage at whatever the future rate.

The last increase for stamps was a year ago, when the cost of sending a letter rose by a penny to 46 cents.

The Postal Service lost $5 billion last year and has been trying to get Congress to let it end Saturday delivery and reduce payments on retiree health benefits.

Latest Stories

in Entertainment

Today in entertainment history: July 28

beatles

A look back at the Hollywood headlines that went down in history.

in Entertainment

This weekend in entertainment history

prince

A look at the Hollywood headlines that made history.

in Entertainment

REVIEW: Scarlett Johansson gets brainy in ‘Lucy’

Lucy

A ridiculous premise doesn't have to sink a film, and Luc Besson's "Lucy" actually gets off to a solid start.