Postal Service Seeks 50- Cent Stamps

WASHINGTON (CNNMoney) -- A nickel boost in the first-class stamp price to 50 cents is part of the U.S. Postal Service's latest plan to stop bleeding red ink.

The Postal Service released the 5-year business plan to Congress late Thursday in part to push Congress to pass legislation to help them get through ongoing financial woes. Due in large part to declining first-class mail volume, the service recorded a $3.3 billion loss in the final three months of last year, which is usually a profitable period
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