Trump rejects bailout that included help to USPS, report says

• President Trump reportedly said he wouldn’t sign the CARES Act– the $2.2 trillion stimulus bundle– if it contained bailout funding for USPS, according to The Washington Post.
• Legislators have cautioned the postal service could run out of cash by June.
• USPS is asking Congress for a $50 billion bailout and $25 billion in loans from the Treasury Department to make up for losses.
• At least 19 USPS workers have actually passed away from COVID-19, and around 500 have been infected, USPS leaders informed lawmakers.
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” We told them extremely plainly that the president was not going to sign the expense if [money for the Postal Service] was in it,” a Trump administration official told the Post.

As The Post reported, Sens. Gary Peters, a Democrat from Michigan, and Ron Johnson, a Republican from Wisconsin, added a last-minute $10 billion loan to keep the postal service function in the short-term. Treasury Secretary Steven Mnuchin had said lawmakers’ plan to use $13 billion in moneying to the postal service could thwart the whole plan.

As Service Expert previously reported, lawmakers last month cautioned that the postal service could shut down in less than 3 months

A halt in USPS operations might have varying effects from avoiding access to medication to impacting voters who cast ballots by mail as state legislators consider broadening main-in-voting due to the pandemic.

” As Congress and the Administration take actions to support services and markets around the nation, it is important that they also take action to shore up the financial resources of the Postal Service, and enable us to continue to meet our essential role throughout the pandemic, and to play an effective role in the country’s financial recovery,” Brennan stated.

The postal service and its board of guvs is asking Congress for a $50 billion bailout as well as $25 billion in loans from the Treasury Department. I’m the death of the Postal Service,” Trump stated.

About 500 USPS employees have evaluated positive for COVID-19 and 462 others are presumed favorable, postal service leaders told lawmakers, according to The Washington Post.

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