Trump says there is no $ 10 billion loan for the US postal service unless it increases rates for Amazon – National

0
52


President Donald Trump said on Friday that he would not approve a $ 10 billion loan for the US postal service unless the agency increases the costs of Amazon and other large senders to four to five times the current rates.

“The postal service is a joke because it distributes parcels for Amazon and other Internet companies and every time they deliver a parcel, they lose money,” Trump told reporters at the Oval Office.

President answered question on reports that his administration planned to force major changes in postal operations such as the price for approving a $ 10 billion loan that was included in the government’s economic rescue package of $ 2 trillion.

READ MORE:
COVID-19 job losses in the U.S. hit a new high as hopes for antiviral testing wane

Under bailout legislation, Treasury Secretary Steven Mnuchin must approve the loan before the postal service can receive the money. Postal officials did not immediately react to Trump’s comments.

The story continues under advertising

Trump said the changes the administration would insist on would make it a “whole new ball game” in the postal service. He said the postal service didn’t want to make any changes because it didn’t want to offend Amazon and other companies.

Looking at Mnuchin, who was with him in the oval office, the president said, “If they don’t increase the price for the service they provide … I don’t sign anything and I don’t allow you to do anything is. “










Trump criticized for suggesting ingestion of disinfectant like COVID-19


Trump criticized for suggesting ingestion of disinfectant like COVID-19

Mnuchin told reporters that he had Treasury officials working with the postal services on the terms of the loan if the postal officials decided they needed more money.

[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]
“We will publish certain criteria for (a) a postal reform program as part of the loan,” said Mnuchin. He said the postal services council was already looking for a new postmaster to head the agency and undertake operational reforms.

The Washington Post, which first reported administration pressure for changes to the postal service, cited anonymous officials as saying that senior postal officials had been informed that the administration wanted to use the loan of 10 billion dollars as leverage to influence the amount of agency fees for delivery. packages and how he manages his finances.

READ MORE:
Light, Heat, Bleach: Doctors Reject “Silly” Treatments for Trump’s Coronaviruses

Trump has complained for years that the postal service was operated by Amazon and other senders, and that is why the agency was losing so much money. But analysts said efforts to sharply raise the costs of large shippers like Amazon could backfire by raising prices above those charged by competitors such as UPS and FedEx.

The story continues under advertising

Speaker of the House Nancy Pelosi, when asked about the administration’s efforts on Friday, said the postal service enjoys wide support among the American people and that the administration is threatening to harm a critical part of the economy.

“It is really dangerous and Mnuchin at the Treasury is trying to take advantage of the debt situation in a way that must be stopped,” Pelosi told reporters.










Coronavirus outbreak: President of the United States House Pelosi criticizes President Trump for not listening to medical experts


Coronavirus outbreak: President of the United States House Pelosi criticizes President Trump for not listening to medical experts

Amazon was founded by Jeff Bezos, owner of the Washington Post. Trump has often called the Post “false news” after the newspaper reported on adverse events during his campaign and presidency and underscored Bezos’ connection by calling it “Amazon Washington Post”.

Trump however tweeted Friday that he would not let the post fail.

“It has been mismanaged for years, especially since the advent of the Internet and modern technology,” Trump said in a tweet. “The people who work there are great, and we will keep them happy, healthy and good!” “

See the link »

The story continues under advertising

© 2020 The Canadian Press



LEAVE A REPLY

Please enter your comment!
Please enter your name here