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MONDAY, JANUARY 7, 2002

The price of a first-class stamp would raise from 34 cents to 37 cents as part of an agreement made between the Postal Service and the mailing industry.

The industry accepted a rate increase, to go into effect June 30, in order to stem off price hikes the postal agency was planning as a result of September 11-related costs. The raise has to be approved by the Postal Rate Commission and the postal board of governors.

The Postal Service is also seeking $5 billion from Congress.

Get the Story:
Postal Service Customers Accept June 30 Rate Rise (The Washington Post 1/7)

Relevant Links:
U.S. Postal Service - http://www.usps.gov