Senate Approves $50 Billion Postal Service Relief Bill

The U.S. Senate voted 79-19 on Tuesday to provide the Postal Service (USPS) with about $50 billion in financial relief over a decade and requiring future retirees to enroll in a government health insurance plan.

The action, after the U.S. House of Representatives overwhelmingly approved the measure in early February, sends the bill to President Joe Biden for his signature. USPS has reported net losses of more than $90 billion since 2007, and on Tuesday reported a net loss of $1.5 billion for the quarter ending Dec. 31.