Postal Fall

From Yahoo:
"The price of a US stamp is set to fall in April for the first time in 97 years"

For the first time since Woodrow Wilson was president, the price of a US postage stamp is set to decrease in April.  According to the US Postal Service, the price of a US-bound first class stamp will decrease 2 cents — to 47 from 49 cents — starting April 1o. Stamp prices last declined in 1919 when the price of a first class stamp fell to 2 cents from 3 cents.  This expected decrease stems from an act of Congress passed in 2013 that allowed the USPS to add a 4.3% surcharge in order to stem the massive losses for the Service because of the Great Recession. In a release from the USPS, the group said the act expires when the surcharges had accounted for $4.6 billion in revenue, which will happen April 10. At that time, stamps will revert back to their inflation-pegged pricing, dropping the price to 47 cents for a first class stamp and sticking the USPS with an additional $2 billion in annual losses.

 

^ The USPS had since 2013 to fix itself and prepare for the day when the prices would go back. As usual all they seemed to have done is make money and complain. ^

https://finance.yahoo.com/news/price-us-stamp-set-fall-160954625.html