NATION : Panel OKs 30-Cent Postage
The U.S. Postal Service’s Board of Governors approved a proposed postal rate increase today that would raise the price of a first-class stamp from 25 to 30 cents.
The plan still needs final approval from the independent Postal Rate Commission to become the 15th rate change since the 2-cent stamp became compulsory in 1885 and the first since March, 1988, when the price of a first-class stamp jumped from 22 to 25 cents.
If approved by the commission, the increase, which includes all classes of mail, will represent an overall increase of 19%--the largest in Postal Service history.
The commission has 10 months to reach a decision.
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