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.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok.
