'We are at a critical junction in the life of the Postal Service,' the postmaster general said. The virus will drain it of $22 billion over 18 months.
The U.S. Postal Service is facing a precipitous decline in mail volume and billions of dollars in additional losses as it operates during the pandemic, where hundreds of its workers have fallen sick and a dozen have died from the coronavirus.
The quasigovernmental agency, which operates as part of the executive branch, is asking Congress for financial support, even after the Treasury Department extended it a $10 billion loan and increased its annual borrowing limit under the Cares Act last month.
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