U.S. Postal Service asks Congress for $75 billion bailout as coronavirus crushes economy

U.S. Postal Service asks Congress for $75 billion bailout as coronavirus crushes economy 1

Speaking via video conference with members of the House Oversight Committee, Postmaster General Megan Brennan said the USPS anticipates losing $13 billion in revenue this year “directly” because of the viral pandemic, which has prompted a variety of businesses to stop mailing advertisements and other letters that bring in the service’s bread and butter income.

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