Under the rescue package legislation, Treasury Secretary Steven Mnuchin must approve the loan before the Postal Service can receive the money. Officials at the Postal Service had no immediate reaction to Trump’s comments.
Trump said the changes the administration will insist on will make it a “whole new ballgame” at the Postal Service. He said the Postal Service did not want to make the changes because they did not 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 raise the price of the service they give … I’m not signing anything and I’m not authorizing you to do anything.”
Mnuchin told reporters that he had Treasury officials working with the Postal Service on the terms of the loan if postal officials decide they need more money.