USPS to raise price of stamps to 49 cents
Washington (KTNV) -- Mailing a letter will cost three-cents more, or 49 cents, starting in January.
That's according to a proposal from the U.S. Postal Service on Wednesday.
The price of sending a postcard would also go up a cent, to 34 cents.
The rate hikes are expected to raise $2 billion for the cash-strapped postal service.
The postal service must first get the approval of its regulatory panel before it can raise prices.
So far, the postal service has lost nearly $4 billion in the current fiscal year.
It lost $16 billion in 2012.
Total mail volume continues to fall.