https://www.businessinsider.com/postal- ... rus-2020-4
Apr 3, 2020
Pelosi seeks more funding for U.S. Postal Service as Democrats warn of ‘crisis’ for agencyThe ongoing COVID-19 outbreak in the United States has plunged the US Postal Service into dire financial straits, as more Americans than ever rely on post offices to deliver necessary medicine and supplies, especially in underserved rural areas.
And as the coronavirus crisis has pushed over a dozen states to postpone their presidential primaries, move to conduct them entirely by mail, or both, the Postal Service's lack of funding could impact ongoing and upcoming 2020 elections by harming states' efforts to expand absentee voting and vote-by-mail.
House Oversight Committee Chairwoman Carolyn Maloney and Rep. Gerry Conolly, who runs the subcommittee that oversees the Postal Service, sounded the alarm that the agency could run out of funding altogether by June if Congress doesn't act soon.
"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," the two said in a March 23 joint statement, calling on Congress to appropriate $25 million in emergency funds to the agency.
The significant decline in Americans using the Postal Service, which operates as a semi-independent government agency that doesn't run on taxpayer funding, is only exacerbating its financial woes. It is especially burdened by 2006 legislation that required the agency to pre-fund 75 years' worth of employee pensions in advance. The service saw its annual losses double to $8.8 billion in 2019, and currently has $11 billion in outstanding debt
Published: April 1, 2020 at 1:09 p.m. ET | https://www.marketwatch.com/story/pelos ... 2020-03-31
House Speaker Nancy Pelosi is seeking more funding for the U.S. Postal Service as lawmakers work on a new round of aid amid the coronavirus pandemic, and Democrats warn the independent agency is in crisis.
The stimulus package signed by President Donald Trump on Friday allows the postal service to borrow up to $10 billion from the U.S. Treasury. On Tuesday, Pelosi, a California Democrat, told MSNBC’s “Morning Joe” she wants more funding so the USPS could put in place a wider-ranging vote-by-mail system and deliver equipment to those fighting the outbreak.
House Oversight Committee Chairwoman Carolyn Maloney and Rep. Gerald Connolly, who heads the panel’s subcommittee that oversees the postal service, on March 24 wrote to Senate Majority Leader Mitch McConnell asking him to support $25 billion in emergency funding for the agency. They said that funding and other measures would “avert an economic collapse” of the agency, but neither the funding nor a debt-forgiveness program was included in the bill Trump signed.
“Our work is not done,” said Virginia Democrat Connolly in a statement on Friday. “The Postal Service, which every American relies on for prescription drugs, care packages, and critical services, is in crisis and must be addressed,” he said.
Pelosi said increased voting by mail would soon be a reality of life amid the coronavirus pandemic. “In terms of the elections, I think that we’ll probably be moving to vote by mail.”
Read more at https://www.marketwatch.com/story/pelos ... 2020-03-31