Who says April is the cruelest month? April 10 will bring a postage price reduction for mailers and consumers. The U.S. Postal Service will roll back prices on many of its products by an average 4.3 percent.
Imagine this: your cousin lends you $1,200 to start a little business and you have 42 years to pay him back, interest free, at $29 a year. No penalties kick in if you don’t pay him each year and there’s no interest on the debt.
In the 1990s, Congress arranged that type of deal with the U.S. Postal Service.
It’s hard to know whether the U.S. Postal Service should have as its theme song “We’re in the Money” or “Brother, Can You Spare a Dime?” Its just-released financial results for the first quarter of fiscal 2016 suggest both are accurate – depending on how you read the statements.