The president said the postal agency should quadruple its package delivery prices and said he will stop congressionally approved funding
President Trump said Friday he would not approve an emergency loan for the U.S. Postal Service if it did not immediately raise its prices for package delivery.
“The Postal Service is a joke,” Trump told reporters responding to a Washington Post report on the Treasury Department’s plans to extract concessions from USPS in exchange for a line of credit Congress approved to aide the agency during the coronavirus pandemic. “The Post office should raise the price [of package delivery] four times.”
Trump recently signed a law that allowed the cash-strapped agency to borrow $10 billion from the Treasury Department. The Post has reported that the White House wants to force changes at the Postal Service as part of the terms of the loan. Continue reading.