USPS Statement on Washington Post CARES Act Lending Authority Article

USPS News Release – July 30, 2020 WASHINGTON, DC — Pursuant to the terms that will apply to borrowing under the CARES Act, the Postal Service will provide the Department of the Treasury with certain information regarding our costs, revenues, and overall financial position. This includes providing Treasury, under strict terms of confidentiality, with those…

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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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USPS to deliver stimulus checks, notices

The Postal Service will deliver the economic impact payments that the federal government is sending to eligible households as part of its response to the coronavirus pandemic. USPS, in its role as an essential service, will accept, process and deliver an estimated 60 million checks from the U.S. Treasury Department. About 5 million to 8…

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myRA, U.S. Treasury’s New Retirement Savings Option

November 5, 2015 by Doug Walker, Deputy Commissioner, Communications The U.S. Treasury Department has introduced myRA, a retirement savings account for individuals looking for a simple, safe, and affordable way to save for their retirement. Over thirty percent of all American households have no retirement savings. myRA provides a way to start saving for retirement….

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