Stamps to remain at 44 cents, for now - KWWL - Eastern Iowa Breaking News, Weather, Closings

Stamps to remain at 44 cents, for now

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WASHINGTON, D.C. (KWWL) -- The price of a first class stamp will stay the same, at least for now.

The independent panel that oversees the U.S. Postal Service has voted to deny the agency's request to increase the cost of a first class stamp by two cents.

That means the cost will stay at 44 cents a stamp.

The Postal Service lost 3.8 billion dollars last year, and in July, proposed the rate increase as part of a strategy for dealing with a worsening financial crisis.

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