In Brief
[naviga:h3]Postal Service reports profit[/naviga:h3]
WASHINGTON — A strong holiday shipping season and a couple of favorable economic situations have temporarily turned around the financial fortunes of the Postal Service.
The post office reported a $307 million profit between October and December of 2015, as compared to a $754 million loss the previous year. That was in part because a 16 percent increase in package volume during the first quarter of the fiscal year.
But postal officials are warning that without favorable interest rate changes and a postal surcharge that will expire in April, the service would have had a net loss of about $700 million in the first quarter.
[naviga:h3]More money sought for Flint’s water woes[/naviga:h3]
LANSING, Mich. — Michigan Gov. Rick Snyder is set to propose spending hundreds of millions more to address Flint’s water crisis and to update infrastructure, including lead water pipes, in the city and across the state.
The $195 million for Flint and $165 million for statewide infrastructure needs will be detailed in the Republican governor’s annual $54.9 billion budget presentation to the GOP-led Legislature today.