National Postal Mail Handlers Union - Unity · Democracy · Strength - Division of LIUNA - AFL-CIO

National Postal Mail Handlers Union A Division of LIUNA (AFL-CIO)

Media Center / News

Jul 30

USPS Issues Statement Regarding Terms of the Loan Agreement Between the Postal Service and the Department of Treasury

July 30, 2020- USPS issues press release regarding the terms of the loan agreement between the Postal Service and the Department of Treasury regarding the $10 billion loan as provided within the Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136). Part of the terms require the Postal Service to report to the Department of Treasury on aspects of the agency’s financial status. The press release also responds to an article in the Washington Post, found here, that concludes the terms of the loan will impact future pricing and administration.

Currently, there is bipartisan legislation within the Senate that would remove these term agreements.

Re: US Postal Service Statement on Washington Post CARES Act Lending Authority Act (pdf)

July 30, 2020- USPS Press Release Post

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