The White House occupant continues in its campaign to make the U.S. Postal Service, the most attacked Federal agency.
Source:
Washington Post
Treasury agrees to lend Postal Service $10 billion in trade for rivals’ shipping contracts
The debt-laden mail service will provide the agency proprietary information on its agreements with private-sector competitors
By Jacob Bogage
July 29, 2020 at 12:36 p.m. EDT
The Treasury Department agreed to loan the U.S. Postal Service $10 billion in emergency coronavirus relief funding on Wednesday in exchange for proprietary information about the mail service’s most lucrative private-sector contracts.
The Postal Service, subject to confidentiality restrictions, will provide Treasury copies of its 10 largest “negotiated service agreements,” or contracts with high-volume third-party shippers such as Amazon, FedEx and UPS, and receive a crucial injection of cash that postal officials say will keep the debt-laden agency solvent for at least another year, according to a copy of the loan’s term sheet obtained by The Washington Post.
The Postal Service contracts with private-sector shippers for “last-mile” delivery from distribution centers to consumers’ homes, and it offers those firms small discounts because of the volume of packages they provide.
Read more:
https://www.washingtonpost.com/business/2020/07/29/postal-service-treasury-loan/
While America’s favorite federal agency is struggling in general and during the pandemic specifically, the White House says, we will help you out, but first you need to do us a favor.
This is odd behavior from a guy who wonders why his approval is so low with the American public.
While the public holds positive views of several federal agencies, ratings of the Postal Service continue to stand out: An overwhelming 91% say they have a favorable view of the mail delivery service.
www.pewresearch.org/...
President Biden is going to need a task force to do contact tracing of every aspect of government that this White House has infected.