USPS May Raise 1st Class Postage to 50 Cents

ABC News and other news agencies are reporting the United States Postal Service may raise the price of first class postage to 50 cents if it is to survive financial ruin.

According to an article by Alan Farnham, "The U.S. Post Office, facing financial losses of up to $18.2 billion a year by 2015, wants to charge more for postage, more for services, and to suspend Saturday delivery.The 50-cent stamp would represent an 11 percent increase in postal rates."

Franham goes on to say, "The last postal increase occurred late last month, when the cost of mailing a first-class letter rose from 44 cents to 45 cents. Rates also rose for packages, for  periodicals, and for a wide variety of services.  The law limits USPS increases overall to the rate or inflation, or 2.1 percent a year."

Shown above, 1933 United States #C18 (affectionately known as "The Baby Zeppelin")

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