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Post Office wants to raise first-class postage rates to 49 cents

Story by ANDREW MIGA / AP Posted by Scott T. Smith / CBS12 News WASHINGTON — It soon could cost 49 cents to mail a letter. The postal Board of Governors said Wednesday it wants to raise the price of a first-class stamp by 3 cents, citing the agency's "precarious financial condition" and the uncertain prospects for postal overhaul legislation in Congress. …

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