The U.S. Postal Service is deeply in the red. Projecting a deficit of $238 billion over the next decade, its governors propose two solutions: halting Saturday delivery and raising stamp prices by 3 percent this year and 10 percent next.
According to the Postal Rate Commission, the savings from operating only five days a week and the extra revenue anticipated from a rate hike will, at long last, allow the USPS to achieve financial stability and stop the hemorrhaging of taxpayer funds. Read More»