On April 2, the U.S. Postal Service (USPS) quietly announced it had received $8.6 billion for “COVID-19-Related Operating Expenses,” from the U.S. Treasury, that is taxpayers.
How the $8.6 billion amount was determined USPS did not say in its two-sentence announcement. But it owes Congress, which appropriated USPS up to $10 billion in COVID assistance, and the American public an explanation about this and large budgeted amounts in its recently announced 10-year strategic plan.
For the first six-and-a-half months of the pandemic, ended September 30, 2020, USPS said in its Fiscal Year 2020 10-K financial filing, “We incurred over $700 million in operating expenses during 2020 related to additional costs associated with the COVID-19 pandemic.”