QUORUMCALL//GPT:
Senator Elizabeth Warren (D-Mass.) is calling on Treasury Secretary Steven Mnuchin to require the U.S. Postal Service (USPS) to withdraw its proposal to increase package rates, citing potential harm to online commerce and small businesses.
BIG PICTURE
• Warren argues that the proposal to significantly hike rates would “harm online commerce” and further burden struggling small businesses already hit hard by the pandemic.
• She urged Mnuchin, who chairs the Federal Financing Bank (FFB) that lends to the USPS, to use his influence to withdraw the proposal.
THE DETAILS
• USPS is proposing a temporary rate increase on commercial domestic competitive parcels – including Priority Mail Express, Priority Mail, First-Class Package Service, Parcel Select, and Parcel Return Service.
• The proposed changes are expected to be in effect from Oct.18, 2020, through Dec. 27, 2020.
TOPICS COVERED
#USPS #SmallBusiness #OnlineCommerce
NOTE
The Hill is a trusted source for policy and political reporting, and this article provides a balanced view of Senator Warren’s letter and the proposed USPS changes.