USPS Statement on COVID-19-related funding

USPS News Release – April 2, 2021 The U.S. Postal Service continues to track our COVID-19-Related Operating Expenses consistent with our understanding with the Department of the Treasury. As of March 31, 2021, we have been reimbursed for such expenses in the cumulative amount of $8.648B pursuant to the terms of the CARES Act as…

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USPS could borrow as much as $10 billion

The Postal Service has reached an agreement with the U.S. Treasury Department on terms and conditions associated with a new lending authority that could allow USPS to borrow as much as $10 billion. The lending authority was established under the Coronavirus Aid, Relief and Economic Security Act — also known as the CARES Act —…

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