(AP) -- WASHINGTON, D.C. (AP) -- The post office wants to increase the price of a stamp by 2 cents to 46 cents.
The agency has been battered by massive losses and declining mail volume and faces a financial crisis.
Postal officials announced a wide-ranging series of proposed price increases Tuesday, averaging about 5 percent, and covering first class, advertising mail, periodicals, packages and other services.
The request now goes to the independent Postal Rate Commission which has 90 days to respond.
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(Copyright ©2010 by The Associated Press. All Rights Reserved.)
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