Legislative & Political

USPS package ‘surge’ amid pandemic not expected to help bottom line - Federal News Network

The Postal Service on Friday estimated that a $10 billion loan guaranteed under the CARES Act would give the agency enough cash to operate through May 2021.

That loan buys the agency more time to work with Congress on a long-term legislative fix to its struggling business model. The House, meanwhile, already passed a significant piece of that legislative puzzle.

But the clock is ticking. The Postal Service continues to negotiate with the Treasury Department over reform conditions for the loan, and Congress remains divided on adding stopgap funding for the Postal Service in the next round of coronavirus spending.

Click here to read more.

+Share rRSS

Mail Handler Update

OPEN SEASON NOVEMBER 11 - DECEMBER 9, 2024
Read Online >

Directory

Steward Resources and MAILS MHBP Union Plus Official NPMHU Merchandise