Pelosi’s Coronavirus Bill Includes a $25 Billion Post Office Bailout

DailyCaller reports Speaker of the House Nancy Pelosi and congressional Democrats included $25 billion for the US Postal Service (USPS) in the $3 trillion coronavirus stimulus bill introduced Tuesday.

The funding for the USPS was included in the “Health and Economic Recovery Omnibus Emergency Solutions” or HEROES Act.

On page 43 of the 1815-page bill, it states:

Last week, the Government Accountability Office (GAO) released a report detailing the growing financial strain the USPS has been under for more a decade. The USPS’s “financial viability has progressively worsened due to declining mail volume, increased employee compensation and benefit cost,s and increased unfunded liabilities and debt. First-Class Mail volume has declined 44 percent since fiscal year 2006,”

The CARES Act, the first coronavirus stimulus bill, already included $10 billion in loan guarantees for the USPS. A report by the United States Postal Regulatory Commission released May 8 showed the USPS had $9 billion in cash on hand in addition to the $10 billion in the CARES Act.

President Donald Trump threatened to veto the CARES Act in April if it contained any bailout money for the USPS, the Hill reported.

“We told them very clearly that the president was not going to sign the bill if [money for the Postal Service] was in it,” a Trump administration official told the Washington Post.

Trump has also threatened to deny the USPS money if it did not increase the cost of shipping for companies like Amazon. “If they don’t do it, I’m not signing anything, and I’m not authorizing you to do anything,” he reportedly said to Treasury Secretary Steven Mnuchin.