Stamp price increases Jan. 27

The cost of stamps will increase again in the new year.
The U.S. Postal Service (USPS) announced late last year that the price of a stamp will increase by a penny. The increase, which makes a stamp 46 cents now, will be effective Jan. 27.
USPS is issuing, for the first time, a global forever stamp that would cost $1.10 and applies to first-class letters being sent anywhere across the globe.
This increase follows a one-cent increase on the price of stamps last year.
According to MSN Money, the USPS can only increase the price of the stamp along with inflation, 2.6 percent.
Other reports indicate USPS officials have asked Congress for special permission to incur a five-cent increase to avoid a $15 million loss on the part of the postal service.
At press time, Congress had taken no action on the requested increase.