US Postal Service Makes Deal With Treasury for $10 Billion Loan

US Postal Service Makes Deal With Treasury for $10 Billion Loan
A USPS postal worker wears a face mask amid the COVID-19 pandemic in El Centro, Calif., on July 21, 2020. Mario Tama/Getty Images
Zachary Stieber
Zachary Stieber
Senior Reporter
|Updated:

The U.S. Postal Service (USPS) and the Department of Treasury reached a deal this week that gives the service a loan of up to $10 billion, but only if it’s needed.

The loan comes through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2.2 trillion stimulus bill signed by President Donald Trump in late March to provide relief amid harsh restrictions during the COVID-19 pandemic.

Zachary Stieber
Zachary Stieber
Senior Reporter
Zachary Stieber is a senior reporter for The Epoch Times based in Maryland. He covers U.S. and world news. Contact Zachary at [email protected]
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