Stamp Price Increase - Newschannel 6 Now | Wichita Falls, TX

Stamp Price Increase

Starting Sunday, the U.S. Post Office is raising the price of stamps by three cents.  Now they will be 49-cents.

This is the largest increase in postage prices in more than a decade.  The price jump comes after the agencies regulator gave the green light back in December.  It was done in order to keep up with inflation and recoup losses incurred during the great recession.

In November, the agency announced it lost $5-billion in the latest fiscal year.  On top of that, the agency exhausted a $15-billion loan from taxpayers to make up for the shortfalls.
  • News HeadlinesNewsMore>>

  • 1 student injured in Florida school shooting; suspect in custody

    1 student injured in Florida school shooting; suspect in custody

    Friday, April 20 2018 9:27 AM EDT2018-04-20 13:27:44 GMT
    Friday, April 20 2018 4:08 PM EDT2018-04-20 20:08:42 GMT

    One student was injured in a school shooting at Forest High School in Ocala, FL. Police say the shooter is another student.

    One student was injured in a school shooting at Forest High School in Ocala, FL. Police say the shooter is another student.

  • Wells Fargo fined $1B for mortgage, auto lending abuses

    Wells Fargo fined $1B for mortgage, auto lending abuses

    Friday, April 20 2018 9:33 AM EDT2018-04-20 13:33:09 GMT
    Friday, April 20 2018 4:04 PM EDT2018-04-20 20:04:50 GMT
    (AP Photo/Matt Rourke, File). FILE - This Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia. The New York Times and other news outlets are reporting Thursday, April 19, 2018, that federal regulators plan to fine Well...(AP Photo/Matt Rourke, File). FILE - This Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia. The New York Times and other news outlets are reporting Thursday, April 19, 2018, that federal regulators plan to fine Well...

    Wells Fargo fined a combined $1 billion by federal regulators for abuses tied to its mortgage and auto lending businesses.

    Wells Fargo fined a combined $1 billion by federal regulators for abuses tied to its mortgage and auto lending businesses.

  • Dance music DJ Avicii dies in Oman

    Dance music DJ Avicii dies in Oman

    Friday, April 20 2018 1:52 PM EDT2018-04-20 17:52:29 GMT
    Friday, April 20 2018 4:03 PM EDT2018-04-20 20:03:35 GMT
    The artist is a force in the Electronic Dance Movement. (Source: AP)The artist is a force in the Electronic Dance Movement. (Source: AP)

    The artist is a force in the Electronic Dance Movement.

    The artist is a force in the Electronic Dance Movement.

Powered by Frankly