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    Postage price increase asks for your 2 cents

    Consumer Reports News: February 11, 2009 10:49 AM

    As of May 11, it will cost you another 2 cents to send a first class letter, the U.S. Postal Service announced today.

    Stamps for 1-ounce letters will jump in price from 42 cents to 44 cents. Prices for other types and sizes of mail will change also. (Get the full list of postage prices here.)

    There is a bit of good news for people who planned ahead when buying stamps:

    Customers can use their Forever Stamps — regardless of when purchased — to mail 1-ounce letters after the price change, without the need for additional postage.

    The price increases come on the heels of Post Master General John E. Potter's request to end six-day mail delivery because of massive budget deficits. The post office was almost $3 billion in the red last year, and Potter said that loss could grow to $6 billion.


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