Lbeh Germany says Europe s largest economy is in troubled waters and cuts growth forecast
WASHINGTON AP 鈥?President Donald Trump said Friday that he won ;t approve a $10 billion loan for the U.S. Postal Service unless the agency raises charges for Amazon and other big shippers to four to five times current rates. The Postal Service is a joke because theyre handing out packages for Amazon and other internet companies and every time they bring a package, they lose money on it, Trump told stanley cup reporters in the Oval Office.The president was responding to a question stanley cup abo stanley cup ut reports his administration plans to force major changes in postal operations as the price for approving a $10 billion loan that was included in the governments $2 trillion economic rescue package.Under the rescue package legislation, Treasury Secretary Steven Mnuchin must approve the loan before the Postal Service can receive the money. Officials at the Postal Service had no immediate reaction to Trump comments.Trump said the changes the administration will insist on will make it a whole new ballgame at the Postal Service. He said the Postal Service did not want to make the changes because they did not want to offend Amazon and other companies.Looking at Mnuchin, who was with him in the Oval Office, the president said, If they dont raise the price of the service they give 8230; Im not signing anything and Im not authorizing you to do anything. Mnuchin told reporters that he had Treasury officials working with the Postal Service on the terms of the loan if postal officials decide they n Hqfu How Simone Biles rewrote the language of gymnastics
.embed-container position: relative; padding-bottom: 56.25%; padding-top: 30px; height: 0; overflow: hidden; max-width: 100%; height: auto; .embed-container iframe, .embed-container object, .embed-container embed position: absolute; top: 0; left: 0; width: 100%; height: 100%; Video streaming by Ustream Detroit mayor Dave Bing and Detroit emergency manager Kevin Orr spoke at a press conference after a judge ruled the city was eligible to file for bankruptcy Tuesday.Judge Steven Rhodes ruled Tuesday that the city of Detroit is eligible to file for Chapter 9 bankruptcy in what the AP reports would be the larges af1 t public bankruptcy in U.S. history.Th stanley cup e city needs help, the judge said during his ruling, citing the city lack of resources to provide critical services.The decision comes after a nine-day trial which aimed to determine whether Detroit qualified, under federal law, to stay in the bankruptcy court in an attempt to turn around its financial situation.The Detroit Free Press has been following the day events surrounding the lead up to the ruling and its aftermath. Go Deeper detroit Support Provided By: Learn more Support PBS News: stanley cup Educate your inboxSubscribe to Herersquo the Deal