House Lawmakers Call for $25 Billion USPS Bailout

A group of 137 House lawmakers sent a letter last week asking for Congressional leaders to provide a $25 billion bailout for the Postal Service due to the COVID-19 coronavirus pandemic.

The letter says that the emergency funding is necessary to help the Postal Service “to offset COVID-19 revenue losses and allow improved access to borrowing authority from the Department of the Treasury.”

It adds that without an emergency bailout, the Postal Service “could be forced to cease operations.” It notes that the agency has said it expects to lose $22 billion over the next 18 months.

CONTINUE READING AT » FedSmith.com
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments