POSTAGE SPIKES TWO CENTS THIS WEEK

(01/10/2006)

Postage went up two cents yesterday, from 37 cents a stamp to 39-cents a stamp. It marks the first increase in the price of a stamp since June 2002. The cost of mailing a postcard will go up a penny to 24 cents. It's part of the more than five-percent, across-the-board increase in U.S. Postal Service rates and fees. If you have stamps at the old 37-cent rate, there are options, like buying two cent stamps. There is a Congressional requirement in a bill passed in 2003, requiring the U.S. Postal Service to create a more than $3 billion escrow account. Congress will decide later how the money will be used.

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