Take Two for January 25, 2013

Price of first-class postal stamp rises to 46 cents

US Postal Service Details New Cost Cutting Plan

Justin Sullivan/Getty Images

US Postal Service stamps are displayed at a US Post Office on December 5, 2011 in San Francisco, California. The US Postal Service announced today that they are considering a plan to eliminate the first class next-day delivery for stamped letters as well as closing half of its 487 mail processing plants across the country in an effort to cut costs and avoid bankruptcy.

Come Sunday, the price of a first-class stamp is also going to increase, from 45 cents to 46. Yes, just one penny, but still. Joining us now is Ken Martin, executive director of American Philatelic Society, the world's largest stamp collectors organization.

 


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