Anonymous ID: d2499d July 29, 2020, 7:37 a.m. No.10114625   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>4828 >>4871 >>5016

U.S. Treasury makes $10 billion loan available to postal service as part of chinavirus relief

 

The U.S. Treasury said on Wednesday it has reached a deal with U.S. Postal Service on the conditions of a loan of up to $10 billion that was included in recent coronavirus relief legislation.

The postal service does not need to borrow at the moment, but the money will now be available should the financially strained agency have to access it, Treasury Secretary Steven Mnuchin said in a statement.

https://www.reuters.com/article/us-health-coronavirus-usa-postal/u-s-treasury-makes-10-billion-loan-available-to-postal-service-as-part-of-coronavirus-relief-idUSKCN24U29W

 

from 2018

There's more than one reason the Postal Service is losing money

https://thehill.com/opinion/finance/368753-theres-more-than-one-reason-the-postal-service-is-losing-money