US Postal Service can’t be saved by bailouts unless serious reforms come attached

Published April 18, 2020 10:00am ET



Congress and President Trump have responded to the coronavirus crisis with trillions of dollars of relief, and in all likelihood, more will soon be on the way. It should surprise no one that the horribly mismanaged United States Postal Service, or USPS, is trying to secure as much of this taxpayer-financed relief as it possibly can.

In the most recent aid package, the federal government extended a $10 billion line of credit to ensure USPS remains afloat for the short term. Just two weeks later, the postmaster general asked lawmakers for an additional $75 billion in federal aid that included $25 billion in emergency appropriations to offset coronavirus-related losses, $25 billion to bankroll “shovel-ready” projects to modernize the Postal Service, and another $25 billion in unrestricted borrowing from the Treasury Department, according to the Federal News Network.

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