In the fine print of the $2 trillion economic rescue package Postal Service gets special loan help

From WSB TV Atlanta

Postal Service gets special loan help. Just like after the anthrax attacks following Nine Eleven, the U.S. Postal Service finds itself in a crunch with the Coronavirus. Not only are some employees getting sick, but mail volume is going down – and that’s leading to an even bleaker financial outlook. The Coronavirus rescue bill does not give a blank check to the Postal Service, but instead allows it to borrow up to $10 billion from the U.S. Treasury. Page 607 of the bill specifically says the money can only be used to pay for operating expenses – and not any outstanding debt of the Postal Service. The bill also orders the Postal Service to prioritize the delivery of medical products related to the Coronavirus, and also gives the Postal Service the right to establish “temporary delivery points” during the outbreak, in order to shield employees from the virus. See and read page 607 of the bill here