You may want to stock up on stamps now - KTIV News 4 Sioux City IA: News, Weather and Sports

You may want to stock up on stamps now

Posted:
SIOUX CITY, Iowa (KTIV) - Starting on January 26, it's going to cost a little extra to mail a letter.

The cost for a first-class stamp is raising to 49 cents each.

That's three cents more than what we are paying now.

The U.S. Postal Service hopes this will help them recover from the 2008 economic downturn.

"It's no new news that the postal service has been struggling financially. We've put out press releases talking about the state of emergency and why we need congress to enact certain postal legislation to keep the postal service up and afloat financially. You're talking about the great recession as well that's also played a part in the postal service struggling financially," said Katina Fields from the U.S. Postal Service.

The U.S. Postal Service says they're expecting to bring in an extra two-billion dollars from the three cents price hike.
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