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NEW w/ @jimtankersley: The coronavirus pandemic is ravaging the United States Postal Service.
Mail vol down 30% this week, compared to same time last year. Could be down 50% by end of June
USPS told Congress today it needs a cash infusion and fast. https://www.nytimes.com/2020/04/09/us/politics/coronavirus-is-threatening-one-of-governments-most-ubiquitous-services-the-mail.html
Mail vol down 30% this week, compared to same time last year. Could be down 50% by end of June
USPS told Congress today it needs a cash infusion and fast. https://www.nytimes.com/2020/04/09/us/politics/coronavirus-is-threatening-one-of-governments-most-ubiquitous-services-the-mail.html
Megan Brennan, the postmaster general, told lawmakers today USPS needs: $25b direct cash infusion for Covid losses, $25b for infrastructure upgrades, $14b for debt relief, and $25b in unrestricted borrowing authority.
Congress rejected direct appropriation in CARES.
Congress rejected direct appropriation in CARES.
