President Trump this week dismissed requests for emergency funding for the cash-strapped U.S. Postal Service, attributing its financial woes to mismanagement as the agency sounds the alarm about the negative impacts of the novel coronavirus pandemic.
Prior to the passage of the Coronavirus Aid, Relief, and Economic Security Act, House Democrats unveiled a plan for a different stimulus package that included a $25 billion cash injection into the Postal Service. The Senate compromise left that provision out, instead providing USPS with a $10 billion line of credit. In a letter to congressional leadership on Tuesday, a group of House Democrats renewed their push for a $25 billion appropriation in a forthcoming “phase four” coronavirus relief bill expected to receive a vote in the coming days.
Asked about that proposal on Tuesday, Trump said the Democrats were taking the wrong approach.
“They have to raise their prices,” Trump said. “Otherwise, they’re just going to lose a lot of money. And tell your Democrat friend that he ought to focus on that, because if he focused on that, he could truly save the Post Office. The Post Office has been losing billions of dollars a year for many, many years. And have him take a look at that, because that’s the way to solve the problem.”