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USPS Gets $10 Billion In The Cares Act. It Needs The Support.

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The CARES Act, the $2 trillion stimulus package signed into law on Friday, is a massive shot in the arm for a moribund economy, with payments and loan guarantees to workers, small businesses, and industries hard hit by the Covid-19 pandemic. The U.S. Postal Service is included in the act too—it allows USPS to borrow up to $10 billion from the Treasury.

The government wants to ensure mail and packages keep flowing during this unprecedented period of economic pause. It’s a necessary step given that logistics providers are the…



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White House vows to start doling out emergency loans to small businesses this week

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