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Postal Service seeks increase in cost of stamps, to 49 cents

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It soon could cost 49 cents to mail a letter. The postal Board of Governors said Wednesday it wants to raise the price of a first-class stamp by 3 cents, citing the agency's "precarious financial condition" and the uncertain prospects for postal overhaul legislation in Congress. "Of the options currently available to the Postal Service to align costs and revenues, increasing postage prices is a...

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