On December 27, 2020, after months of political gridlock, the President signed into law another sweeping COVID relief bill, which included vital funding for the Postal Service. This bill will convert the $10 billion additional borrowing authority loan in the March 2020 CARES Act into direct emergency relief to the USPS without requiring repayment. Additionally, while the CARES Act allowed the Secretary of the Treasury to set the conditions of the $10 billion loan, the funding allotted in this bill is available at the Postal Service’s request.
“The $10 billion in emergency funding for the Postal Service is a welcome step in the right direction,” said APWU President Mark Dimondstein. “All year, we’ve mobilized and organized to save our national treasure in this most challenging time. From car caravans, to tens of thousands of phone calls to Congress, to millions of petition signatures collected, postal workers and our allies are ready to stand up to defend the public Postal Service. We should be encouraged that this first step is owed to our collective efforts.”
