Trump has openly dismissed calls to prioritize emergency funding for the Postal Service, whose finances have been shaken by a precipitous decline in mail volume caused by the coronavirus pandemic. The loan is a fraction of the $75 billion the Postal Service has requested to avert total collapse by September. The $10 billion loan was authorized by the CARES Act, which President Trump signed into law last month after threatening to veto the bill if it included a $13 billion direct grant that Democratic lawmakers proposed. "Mnuchin and his Wall Street cronies are attempting to exploit the crisis to raise prices, demonize heroic postal workers, and cut service, all so private delivery companies can profit." -Mark Dimondstein, American Postal Workers UnionĪccording to the Post, "officials working under Treasury Secretary Steven Mnuchin, who must approve the $10 billion loan, have told senior officials at the USPS in recent weeks that he could use the loan as leverage to give the administration influence over how much the agency charges for delivering packages and how it manages its finances."
Shame on them," Mark Dimondstein, president of the APWU, said in a statement.
"It's a power grab to destroy the public Postal Service. The 200,000-member American Postal Workers Union accused President Donald Trump of plotting to "sacrifice our public Postal Service at the altar of private profit" after the Washington Post reported late Thursday that the White House is considering using a $10 billion relief loan approved by Congress last month to impose long-sought changes on the popular agency.
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