Video: Cost of mailing a letter drops to 47 cents, reduction could cost Postal Service billions

WASHINGTON — The cost of mailing a letter has gone down.

Beginning Sunday, the price of a first-class stamp dropped two cents, to 47 cents. The reduction is the result of an expiring surcharge that had been put in place in January 2014 to help the beleaguered Postal Service recoup $4.6 billion in losses dating back to the Great Recession.

Postmaster General Megan J. Brennan said in a statement that the forced rate reduction would exacerbate Postal Service losses. The agency estimated that it would lose $2 billion in annual revenue as a result. Read more

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