MW: The US Postal Service gets $10bn in the stimulus act. It needs the help.

Barron’s writes:
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 …

The post MW: The US Postal Service gets $10bn in the stimulus act. It needs the help. appeared first on The Loadstar.

Source: The Loadstar

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