Europe’s financial fortunes have influenced the world economy for years. In today’s Congressional Corner, Vermont representative Peter Welch and WAMC’s Alan Chartock discuss Welch’s study group on Europe.
WASHINGTON (AP) — The financially struggling U.S. Postal Service says it plans to stop delivering mail on Saturdays, but continue delivering packages six days a week.
In an announcement scheduled for later today, the service is expected to say the cut, beginning in August, would mean a cost saving of about $2 billion annually.
The move accentuates one of the agency's strong points — package delivery has increased by 14 percent since 2010. The delivery of letters and other mail has declined with the increasing use of email and other Internet use.
Alan Blinder is an esteemed Princeton professor, Wall Street Journal columnist, and former vice chairman of the Federal Reserve Board. He has written a major new book on this nation’s most recent financial crisis.