Thread by @npfandos, NEW w/@jimtankersley: The coronavirus pandemic is ravaging the United States Postal Service.Mail [...]

Nicholas Fandos

npfandos

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">https://www.nytimes.com/2020/04/0...

Coronavirus Is Threatening One of Government’s Most Ubiquitous Services: The Mail.

The Postal Service needs billions to continue funding its operations and make other payments, the agency told lawmakers.

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.

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