House panel warns coronavirus could destroy Postal Service by June

Source: Politico | March 23, 2020 | Kyle Cheney

“It has become clear that the Postal Service will not survive the summer without immediate help,” said Rep. Carolyn Maloney.

The U.S. Postal Service could be gone by June unless Congress immediately delivers billions of dollars to counteract the impact of the coronavirus crisis, a House committee chairwoman warned Monday night.

“Based on a number of briefings and warnings this week about a critical fall-off in mail across the country, it has become clear that the Postal Service will not survive the summer without immediate help from Congress and the White House,” Oversight Chairwoman Carolyn Maloney (D-N.Y.) said in a statement.

Maloney, who was joined in the statement by Rep. Gerry Connolly (D-Va.), indicated the Postal service has seen a “drastic” reduction in mail volume and could shutter by the summer without intervention, a collapse that could, among other things, jeopardize access to mail-order prescription drugs for millions of Americans, especially in rural communities.

A Postal Service shutdown would also affect the ability of voters to cast ballots by mail.

Maloney and Connolly noted the House’s $2.5 trillion coronavirus relief package would send $25 billion to the Postal Service in emergency funding and eliminate the Postal Service’s $11 billion debt. The measure would reset the Postal Service’s borrowing limit to $15 billion and eliminate an annual $3 billion borrowing cap. The measure would also require the agency to prioritize medical deliveries.

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  •  EVERYDAY #36604

    People have been saying the USPS is going out of business for a long time. It’s still here.

    The trouble with all this stimulus and these bailouts is that once the feds start with a particular business or industry, before long there are plenty more with their hands out. Where do we draw the line?

    These bailouts are nothing more than politics, particularly in an election year. Meanwhile, we taxpayers will be paying for them. Recession, here we come.

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