White House rejects bailout for U.S. Postal Service battered by coronavirus
The pandemic has pushed USPS to the brink, but Trump and Mnuchin shot down emergency aid
April 11, 2020
Through rain, sleet, hail, and even a pandemic, mail carriers serve every address in the United States, but the coronavirus crisis is shaking the foundation of the U.S. Postal Service in new and dire ways.
The Postal Service’s decades-long financial troubles have worsened dramatically, as the volume of the kind of mail that pays the agency’s bills — first-class and marketing mail — has withered during the pandemic. The USPS needs an infusion of money, and President Trump has blocked potential emergency funding for the agency that employs around 600,000 workers, repeating instead the false claim that higher rates for Internet shipping companies Amazon, FedEx and UPS would right the service’s budget.
Trump threatened to veto the $2 trillion Coronavirus Aid, Relief, and Economic Security Act, or Cares Act, if the legislation contained any money directed to bail out the postal agency, according to a senior Trump administration official and a congressional official who, like others in this report, spoke on the condition of anonymity.
“We told them very clearly that the president was not going to sign the bill if [money for the Postal Service] was in it,” the Trump administration official said. “I don’t know if we used the v-bomb, but the president was not going to sign it, and we told them that.”
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https://www.washingtonpost.com/business/2020/04/11/post-office-bailout-trump/
"The Postal Service is a joke." "If they don't raise the price, I'm not signing anything."
April 24, 2020
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