The COVID invoice dedicates 10 billion dollars to the postal service in difficulty

The latest coronavirus bailout deal, which Congress plans to approve later, provides $ 10 billion to help the troubled U.S. postal service, Axios told reporters.

Why does it matter: This new round of funding comes as the Postal Service has struggled to operate amid the pandemic, withstand an increase in Christmas transportation and be ready for a busy January, when Americans usually receive documents used to prepare taxes.

  • A new round of incentive checks, this time for $ 600 per adult and child, should also be mailed before the end of this year.

News management: The new bill will convert $ 10 billion from the March CARES government loan program into direct funding for the USPS. The money will be used for operational costs and other high costs resulting from the COVID-19 pandemic.

  • Democrats described the result as a gain, as it reallocated the money the administration had threatened to remove.

The background: The postal service has been facing rising losses over the past few months and was expected to run out of money as of October 1.

  • President Trump has also waged an open war on the postal service, criticizing his transactions with express shippers such as Amazon and installing a longtime Republican donor, Louis DeJoy, as general manager of the post office.