Post Office Proposes Raising Price of Stamps

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The U.S. Postal Service has proposed a small price increase on first-class mail, postcards, and international letters, but not "Forever" stamps.

The U.S. Postal Service on Thursday proposed slight increases for mailing postcards and international letters - but wants to leave first-class "Forever" stamps at their present 49 cents.

Under a filing with the Postal Regulatory Commission, letters to international destinations would rise from $1.15 to $1.20. Postcards would rise from 34 cents to 35 cents.

The increases being proposed would become effective April 26, if the requests are granted.

On first-class mail, every ounce over 1 ounce would cost an additional 22 cents, up from 21 cents. And letters to all international destinations would go from $1.15 to $1.20.

The Postal Service said the requested price increases are the latest in a series of steps "to achieve financial stability."

"By growing volume, revenue and contribution, the Postal Service will continue to meet America's mailing and shipping needs well into the future," the agency said in a statement.

"While improving efficiency in streamlining its network and seeking legislative changes, the Postal Service must address an outdated business model," it added.

-- The Associated Press

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