President Donald Trump said in an interview on Fox Business Network on Thursday that he opposes injecting new funding into the U.S. Postal Service because he believes it will support mail-in voting come November.
"They [the Democrats] want three-and-a-half billion dollars for something that'll turn out to be fraudulent — that's election money basically," Trump said.
Congressman Ami Bera (D-Calif. 7th District) told Cheddar that Trump's statement reflects a transparent effort to undermine democracy by allowing the post office to go underfunded as it prepares for a potential surge in mail-in ballots.
"Kudos to the president for being honest," he said. "We knew all along that he was trying to undermine the Postal Service to try to win the election."
Bera said Democrats will continue to "use the bully pulpit" to support postal employees, and push for additional funding in the Phase 4 coronavirus relief bill, which appears nowhere near passing according to congressional leaders.
"We will continue to try to push funding there," Bera said. "We'll continue to shine the light on this."
The congressman pointed out that many of Trump's own voters are elderly, living in states that are especially hard hit by the coronavirus pandemic, and that denying funding to the Postal Service could have unintended consequences for both parties.
"He may unintentionally suppress his own votes," Bera said.
Sabrina Siddiqui, National Politics Reporter at The Wall Street Journal, joins to break down the SNAP funding delays and the human cost of the ongoing shutdown.
Arguments at the Supreme Court have concluded for the day as the justices consider President Donald Trump's sweeping unilateral tariffs in a trillion-dollar test of executive power.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.
