12/30/2020 WASHINGTON, DC — Postmaster General and CEO Louis DeJoy issued the following statement today: “On behalf of the 644,000 men and women of the Postal Service, I want to thank Congress and the Administration for recognizing both the essential role we play in serving the nation and the impact of COVID-19 on our operations. […]
The bill signed Sunday had more than 5,000-pages covering government funding, COVID-19 and reams of other unfinished legislation on taxes, education and health care. The bill also includes : Postal Service ($10 billion). Forgives a $10 billion loan to the Postal Service provided in earlier relief legislation. From National Association of Postal Supervisors: On December […]
12/22/2020 Late at night on Monday, December 21, the House and Senate agreed to a $900 billion COVID-19 stimulus package. The package includes language that converts the $10 billion loan for the United States Postal Service provided in the previously passed CARES Act (P.L. 116-136) to emergency funding that does not come with the borrowing […]
Today, Monday, December 21, 2020, the House of Representatives and Senate passed the relief bill. Once the President signs this bill into law, it will convert the $10 billion additional borrowing authority loan in the March 2020 CARES Act into direct emergency relief to the USPS without requiring repayment. Additionally, while the CARES Act allowed […]