Treasury Tried To Take Over Postal Service Control, Docs Show

  • Date: 17-Sep-2020
  • Source: Forbes
  • Sector:Economy
  • Country:Middle East
  • Who else needs to know?

Treasury Tried To Take Over Postal Service Control, Docs Show

Topline



The U.S. Treasury Department "demand[ed] operating control“ of the U.S. Postal Service as a condition for approving a $10 billion loan to the agency, new documents reveal, heightening concerns about the extent to which the Trump administration is influencing the nonpartisan USPS.

















U.S. Treasury Secretary Steven Mnuchin looks on at a House subcommittee hearing on September 1, ... [+] 2020. (Photo by Graeme Jennings-Pool/Getty Images)





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Key Facts







Documents obtained by watchdog group American Oversight and reported by the Washington Post show that the USPS enlisted law firm Mayer Brown to evaluate the Treasury Department's conditions for the $10 billion loan.







The attorney was asked to analyze Treasury's "unprecedented“ demand for the USPS