Post Office Plans To Announce Rate Increase The U.S. Postal Service lost nearly $4 billion in the last fiscal year -- despite cutting 40,000 full-time jobs. It's been more than a year since first-class stamps went up to 44 cents. Postal officials will announce a rate increase Tuesday.
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Post Office Plans To Announce Rate Increase

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Post Office Plans To Announce Rate Increase

Post Office Plans To Announce Rate Increase

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RENEE MONTAGNE, Host:

It's been just over a year since first-class stamps were hiked up to 44 cents. No word on how much stamps will soon cost, or when prices will rise. But the postmaster general has made it clear he wants to raise rates again.

(SOUNDBITE OF SONG, "RETURN TO SENDER")

ELVIS PRESLEY: (Singing) Return to sender. Return to sender.

MONTAGNE: And that's the business news on MORNING EDITION, from NPR News. I'm Renee Montagne.

MARY LOUISE KELLY, Host:

And I'm Mary Louise Kelly.

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