Updated: House coronavirus spending bill gives USPS $25B, wipes slate on its Treasury debt

House Democrats unveiled a coronavirus stimulus spending package on Monday night that would give the Postal Service $25 billion over the next two years to withstand an expected loss in mail revenue.

The $2.5 trillion Take Responsibility for Workers and Families Act is the third and largest emergency funding bill lawmakers have introduced to mitigate the pandemic’s strain on the economy and the health system.

In addition to setting aside $25 billion for USPS until September 2022, the 1,400-page bill would also forgive the Postal Service’s $11 debt to the Treasury Department and allow the agency to borrow another $15 billion. The bill would also eliminate a $3 billion annual borrowing limit for this line of credit from Treasury.

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