Cost Of Mailing A Letter Drops To 47 Cents Beginning Sunday

WASHINGTON (AP) — The cost of mailing a letter is going down.

         Beginning Sunday, the price of a first-class stamp drops two cents, to 47 cents. The reduction is the result of an expiring surcharge that had been put in place in January 2014 to help the beleaguered Postal Service recoup $4.6 billion in losses dating back to the Great Recession.

         Postmaster General Megan J. Brennan says the forced rate reduction would exacerbate Postal Service losses. The agency estimates it would lose $2 billion in annual revenue as a result.

- Sponsors -

         Commercial and other postage rates also are declining.

         The Postal Service is seeking relief from a congressional mandate to pre-fund retiree health benefits, something that neither the government nor private companies are required to do, as well as greater flexibility in setting rates.

 

- Partner Content -

Entergy’s Energy Smart Program Brings Cost Conscious Innovation to New Orleans

Offering comprehensive energy efficiency at no cost to the consumer, Entergy’s Energy Smart program incentivizes Entergy New Orleans customers to perform energy-saving upgrades in...

 

Digital Sponsors / Become a Sponsor

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter