Price of Postage Stamps Increases Sunday

| January 26, 2013 | 11:58 pm
Print Friendly

The cost of mailing a letter went up a penny Sunday to 46 cents.  The increase is the result of the U.S. Postal Service’s continued budget struggles.

In 2012, they defaulted on $11 billion dollars in payments and exhausted their line of credit with the treasury.  The Post Office has cut hours at thousands of locations, but technological advances continue to plague the agency.

Consumers can expect to pay a penny more for postcard postage, as well. The cost to mail a letter to Canada or Mexican  will go from .85  to $1.10 and $1.05 to other international destinations.

morning challenge