COVID bill dedicates $10B to ailing Postal Service

The latest coronavirus relief deal, which Congress is aiming to approve later today, provides $10 billion to help the ailing U.S. Postal Service, legislative aides familiar with the text tell Axios.

Why it matters: This new round of funding comes as the Postal Service has struggled to operate amid the pandemic, withstand a surge in Christmas shipping and be ready for a busy January, when Americans typically receive documents used for their tax preparation.

  • A fresh round of stimulus checks, this time $600 per adult and child, also are expected to be mailed before the end of this year.

Driving the news: The new bill will convert $10 billion from the government’s March CARES Act loan program into direct funding for the USPS. The money will be used for operational and other increased costs resulting from the COVID-19 pandemic.

  • Democrats portrayed the outcome as a win, since it reallocated money the administration had threatened to eliminate.

The backdrop: The Postal Service has faced widening losses during the past several months, and it had been projected to run out of money as early as Oct. 1.


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Oh man. 10 billion bucks for management bonuses and that’s no joke!