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Are You Ready to Pay 50 Cents for a Stamp? — Dollars and Sense

USPS
Justin Sullivan, Getty Images

Facing huge budget shortfalls, the United States Postal Service has proposed solutions including closing hundreds of post offices and eliminating Saturday deliveries. Now it may be considering jacking up the price of stamps, too.

The popularity of internet services like online bill pay have led in part to a 1.7 percent decline in mail volume, causing the USPS to anticipate losing $14.1 billion in 2012 — with bigger losses expected in the years to come.

In response, postal officials sent a letter to Congress last Thursday in which they recommended several changes, including the possibility of increasing the price of a stamp from its current 45 cents up to 50 cents. While stamp prices have gone up four times since 2006, chief financial officer Joe Corbett said, “Clearly, we’re [still] underpriced [and] would like the ability to move that price up.”

The USPS says the extra nickel, which would likely be added in one or two-cent increments until 2015, would raise revenues by $1 billion annually. Although taxpayers don’t foot the bill to keep the postal service running, Postmaster General Patrick Donahoe told Congress that failing to help the organization limit its losses would result in a “long-term burden to the American taxpayer.”

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Texas Tech v Texas
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Longhorns’ Spelling Error Delights Rival Fans

Sometimes and oops happens.  And this is one that Aggie fans are gonna run with!

In the University of Texas' media guide, it didn't take long at Big 12 Media Days to discover that "Texas" was misspelled.  

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Category: East Texas News Tags: ,
police-lights
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Accident Victim Was A Teen On Her Way To Freshman Orientation at SFA

 

A bad accident Wednesday night claimed the life of an Austin woman, and Stephen F Austin said she was on her way to freshman orientation.

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Category: East Texas News, News Tags: , ,
Win McNamee, Getty Images
Win McNamee, Getty Images
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Governor Perry Is Sending Troops To The Texas-Mexico Border

Governor Rick Perry announced Monday he was sending a thousand troops to the border with Mexico to combat the border crisis, and said that process will happen over the next month.

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Malaysian Airlines Flight Reported Missing On Route To Beijing
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Malaysian Passenger Jet With 295 Onboard Crashes Near Ukraine-Russia Border [UPDATED]

A Malaysia Airlines jet carrying nearly 300 people crashed near the border between Russia and Ukraine, according to Reuters and Interfax. The airline company has confirmed that it has lost contact with the plane, a Boeing 777.

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Category: News, World News
Stuart Scott
ESPN, YouTube
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Watch Stuart Scott’s Heartbreaking Speech at the ESPYs [VIDEO]

Longtime ESPN personality Stuart Scott literally took center stage at Tuesday night's ESPY Awards when he accepted the Jimmy V Perseverance Award. And his speech did not disappoint.

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Category: News, Sports, Television Tags:
McAllen Police Dept
McAllen Police Dept
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Texas Judge Arrested for DWI

Late Saturday night, Nora Longoria, a justice with the 13th Court of Appeals in McAllen was arrested and charged with suspicion of DWI. 

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Category: Texas News Tags:
Christopher Furlong/Getty Images
Christopher Furlong/Getty Images
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Thousands Help Lone Survivor After Her Family Is Killed in Spring, TX

After her family was killed execution style last Wednesday near Houston, people are coming out in droves to help the 15-year old sole survivor.

Cassidy Stay's parents and four siblings were killed in the shootings at their home, but Cassidy survived after a bullet grazed her head and she played dead until the violence ended. Now almost $300,000 has been raised for her benefit, as she starts her new life without her family.

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Getty Images-Online USA
Getty Images-Online USA
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Lone Ranger Outfit Brings In Big Bucks at Texas Auction

The family of a late businessman and collector decided to put the original Lone Ranger outfit on the auction block, and it brought in $195,000 at the auction in Waco Saturday.

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Monkey Business
Monkey Business
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Three Weeks Left To Nominate a Lufkin Small Business Of The Year

Do you have a favorite ice cream shop, burger joint, lawn service or barber?  Tell everyone about them!

Now is the time to nominate your favorite Mom or Pop shop for Small Business of the Year with the Lufkin Chamber of Commerce.

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Category: East Texas News, News Tags: ,
David McNew/Getty Images
David McNew/Getty Images
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Game Wardens Have Been Targeting Lakes Looking for Drunk Boaters

If one of your favorite things to do during the summer is pack some frosty beverages on ice and head to the lake, be safe when you hop on the boat!

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Category: East Texas News, News Tags:

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