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.
The President was responding to a question about 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 country’s economic rescue program. $ 2 trillion government.
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.
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. . ”
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.
“We will publish certain criteria for [a] postal reform program as part of the loan, “said Mnuchin. He said the post office was already looking for a new postmaster to head the agency and initiate operational reforms.
The Washington Post, which first reported administration pressure for changes to the postal service, cited anonymous officials as saying that postal officials had been informed that the administration wanted to use the $ 10 billion loan dollars as leverage to influence the amount of agency fees for delivery. packages and how he manages his finances.
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.
He tweeted later on Friday, however, that we wouldn’t 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!” “