President TrumpCalifornia governor hails Trump’s efforts to help state in coronavirus crisis Trump threatens to deny visas to countries that do not quickly repatriate citizens Trump administrator seeks to cut wages of farm workers for helping industry during the pandemic: PLUS report reportedly threatened to veto the recent $ 2.2 trillion coronavirus recovery plan if aid to the United States Postal Service (USPS) – which was hemorrhaging financially due to the pandemic – was included in the final version of the bill, reports the Washington Post.
“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 newspaper. “I don’t know if we used the V-bomb, but the president was not going to sign it, and we told them that. “
Initially, lawmakers agreed to include a direct $ 13 billion subsidy to the postal service that it would not have to repay. Instead, the country’s postal service had to settle for a $ 10 billion loan which made it the final version of the bill that was passed.
Post Minister Megan Brennan told the House Oversight and Reform Committee on Thursday that the postal service would run out of money by the end of the fiscal year (September), unless it receives financial assistance from the federal government. USPS is still awaiting approval from the Treasury Department for the $ 10 billion loan, according to the Post.
In addition, in a conversation with lawmakers Thursday, Brennan is said to have asked for an additional $ 50 billion in assistance: $ 25 billion to compensate for the loss of revenue due to the drop in mail volume due to the coronavirus and $ 25 billion. dollars for “modernization.”
She noted that the service expects to lose $ 13 billion from the COVID-19 epidemic and $ 54.3 billion in additional losses over the next decade.
There are more than 31,600 post offices across the country and more than 650,000 employees. The mail industry generates nearly $ 2 trillion a year.