50-Cent Stamp, Other Postal Changes Coming [View all]

The United States Postal Service may raise the price of first class postage to 50 cents.

The U.S. Post Office, facing financial losses of up to $18.2 billion a year by 2015, wants to charge more for postage, more for services, and to suspend Saturday delivery.

The 50-cent stamp would represent an 11 percent increase in postal rates.

USPS delivers 40 percent of the world's mail. Its revenues exceed $65 billion a year.

http://news.yahoo.com/50-cent-stamp-other-postal-changes-coming-190143222--abc-news.html

I'm glad I stocked up on Forever Stamps when they first came out (cost me $.32 each being I put them on a 1.25% cash back credit card (which no longer exists I might add thanks to our rip-roaring economy!).

I hope this rate increase will help the Post Office.