USPS To Increase Price of Stamps By Three Cents

Move expected to raise $2 billion

Mailing a letter will cost three cents more, or 49 cents, starting in January, according to a proposal from the U.S. Postal Service Wednesday.

The price of sending a postcard would also go up by a cent to 34 cents. The rate hikes are expected to raise $2 billion for the cash-strapped postal service.