The cash-strapped United States Postal Service is asking for an emergency increase in postal rates.
Postmaster General Patrick Donahoe says the agency expects to lose $ 6 billion this year.
A special rate hike including an increase in the price of a first class mail single-piece letter from 46 cents to 49 cents could generate $ 2 billion in revenue.
If approved, the proposed changes would go into effect in January.
http://newyork.greatlocalnews.info/?p=14512
via Great Local News: New York http://newyork.greatlocalnews.info
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