Reeling Postal Service Faces Coronavirus Financial Headwinds (1)

The U.S. Postal Service is facing “a rapid drop in mail volumes and a significant loss in needed revenues” because of the novel coronavirus that could lead to a halt in mail delivery, a spokesman said.

Though the $2 trillion stimulus (Public Law 116-136) signed by President Donald Trump last month included a $10 billion line of credit for the Postal Service, the USPS is concerned this isn’t sufficient “to withstand the significant downturn in our business that could directly result from the pandemic,” spokesman David Partenheimer said Friday.

“Under a worst-case scenario, such a downturn could result ...