Senate cancels postal service hearing; Trump's Amazon crusade delayed
Source: Reuters
A Senate hearing about reforming the U.S. Postal Service that could have scrutinized what Amazon.com Inc (AMZN.O) and others pay for package delivery has been delayed, three sources familiar with the matter told Reuters, moving back President Donald Trump’s effort to hike the world’s largest online retailer’s rates.
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The president ordered a task force in April to study the Postal Service, an independent establishment of the executive branch of the U.S. government, looking at its financial health and what it charges customers such as Amazon for package deliveries, in a report due Aug. 10.
However, the White House has decided it will not yet release the report, forcing the Senate Committee on Homeland Security and Governmental Affairs to postpone a hearing on postal reform that was planned for Sept. 5, the sources said. One said the hearing was postponed “indefinitely.”
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The task force briefed the president on its preliminary findings and recommendations earlier this month, a spokeswoman for the U.S. Treasury Department, which is in charge of the task force, told Reuters.
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Read more: https://www.reuters.com/article/us-usa-post-office-amazon-com/senate-cancels-postal-service-hearing-trumps-amazon-crusade-delayed-idUSKCN1LG28O
Safe bet that the report from the task force didn't support the changes Trump wanted to hurt Amazon, so it's been shelved.
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