Postal Service will not survive the summer Lawmakers warn it could go bankrupt

via miamiherald

The U.S. Postal Service could be in jeopardy as the coronavirus spreads, lawmakers say.

Rep. Carolyn B. Maloney and Rep. Gerry Connolly said in a statement that the Postal Service needs “urgent help” amid the coronavirus pandemic, or it could shut down as early as June.

“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 statement said. “Every community in America relies on the Postal Service to deliver vital goods and services, including life-saving medications.”

House Democrats introduced a stimulus package that included emergency funds to save the Postal Service from “imminent bankruptcy,” according to the news release.

The Take Responsibility for Workers and Families Act would provide a $25 billion emergency appropriation, eliminate the Postal Service’s current debt and require it to prioritize medical deliveries, according to the release.

Shutting down the Postal Service would be detrimental in several areas, according to the release.

 

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