Postal stamp price hike will fund postal service for two more weeks
…let’s do the math here:
$16 billion annual loss offset by a 1 cent increase to 73.5 billion pieces of mail, that amounts to… $735 million. This plan should buy the USPS… two weeks.
In other words instead of running out of cash by September 30, 2013, the USPS will be money free on October 15.