Why the Stimulus Package Includes $10 Billion for the U.S. Postal Service

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Why the Stimulus Package Includes $10 Billion for the U.S. Postal Service - Barrons

The Cares Act, the $2 trillion stimulus package signed into law on Friday, is a massive shot in the arm for a moribund economy, with payments and loan guarantees to workers, small businesses, and industries hard hit by the Covid-19 pandemic. The U.S. Postal Service is included in the act too—it allows USPS to borrow up to $10 billion from the Treasury.

The government wants to ensure mail and packages keep flowing during this unprecedented period of economic pause. It’s a necessary step given that logistics providers are the lifeblood of any economy.

“As Americans are urged to stay home, the importance of the mail will only grow as people will need access to communications and essential packages such as prescription drugs and other necessities,” the USPS said in a statement. “This is particularly true in rural and other areas.”
 
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