It may soon cost more to mail a card or letter. The U.S. Postal Service is asking for approval to raise the price of stamps for the second time in six months.
If the change gets the green light, a first class stamp will jump from 68-cents to 73-cents in July. The Postal Regulatory Commission will have to approve the increase.
The increases are part of a ten-year plan by the Postal Service to stabilize its financial condition. The Postal Service expects to generate an additional $44 billion in additional revenue by 2031.
