Creator and host of Congressional Dish
The mail has been slow this summer, no doubt about it, but did the Trump administration slow the mail down on purpose in order to interfere with mail-in voting? In this episode, listen to highlights of recent emergency Congressional hearings in order to learn what's really going on at USPS. The sabotage is real, but the situation is different from what you probably think. Special guest: Alexis Claypool Glaser  Please Support Congressional Dish – Quick Links Click here to contribute monthly or a lump sum via PayPal Click here to support Congressional Dish via Patreon (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank’s online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536 Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Recommended Episodes CD153: Save the Post Office! Listen on Spotify CD186: National Endowment for Democracy, Listen on Spotify Bills H.R. 6307 - Postal Accountability and Enhancement Act Read Bill Text Signed into law on December 20, 2006 Votes: Passed the House by voice vote. Passed the Senate by Unanimous Consent. Four people have their names on the law: 2 Republicans, 2 Democrats Articles/Documents Article: Postal Service Has Paid DeJoy's Former Company $286 Million Since 2013 by Luke Broadwater and Catie Edmondson, New York Times, September 2, 2020.  Article: The Postal Service controversy generated plenty of heat. Now we have some light. By Kim Lyons, The Verge, August 25, 2020 Article: Outdated Mail Sorting Machine Thrown Out at USPS Center in Colorado By Khaleda Rahman, Newsweek, August 25, 2020 Article: Empty USPS Trucks Are Driving Across Country Without Mail By Daniel Villarreal, Newsweek, August 24, 2020 Article: Postal trucks sometimes travel across country - with no mail - after USPS cuts By Ben Hall, Kevin Wisniewski, News Channel 5 Nashville, August 24, 2020 Article: Donald Trump lashes out at ballot drop boxes in latest attack against mail-in voting... by Katelyn Caralle, The Daily Mail, August 23, 2020.  Article: Mnuchin Paved Way for Postal Service Shake-Up By Kenneth P. Vogel, Jessica Silver-Greenberg, Alan Rappeport and Hailey Fuchs, The New York Times, August 22, 2020 Article: How Trump, Mnuchin and DeJoy edged the Postal Service into a crisis By Lisa Rein, Michael Scherer, Jacob Bogage and Josh Dawsey, The Washington Post, August 22, 2020 Article: CREW LETTER DETAILS DEJOY’S CONFLICT OF INTEREST BREACHES By Jenna Grande, CREW, August 21, 2020 Article: These are the sorting machines USPS removed that would handle mail and election ballots By Paul P. Murphy, CNN, August 21, 2020 Document: U.S. Treasury Role as Lender to U.S. Postal Service By Department of the Treasury, August 21, 2020 Article: USPS Headquarters Tells Managers Not to Reconnect Mail Sorting Machines, Emails Show By Aaron Gordon, Vice, August 20, 2020 Article: Years of turmoil at Postal Service governing board fueled political firestorm, critics say By Lucien Bruggeman, ABC News, August 20, 2020 Article: "It's a Cover-Up": White House Accused of Hiding Mnuchin Role in Recruiting Postmaster General DeJoy By Jake Johnson, Common Dreams, August 20, 2020 Article: Here's why the Postal Service wanted to remove hundreds of mail-sorting machines By Jacob Bogage and Christopher Ingraham, The Washington Post, August 20, 2020 Article: ‘Like Armageddon’: Rotting food, dead animals and chaos at postal facilities amid cutbacks By LAURA J. NELSON, MAYA LAU, The Los Angeles Times, August 20, 2020 Article: Top Postal Service Official Details Mnuchin Extortion Effort By David Dayen, The American Prospect, August 20, 2020 Article: Postmaster Louis DeJoy Gave Millions to Republican Candidates. Will the GOP Bite the Hand that Fed Them? By Tim Dickinson, Rolling Stone, August 19, 2020 Article: DeJoy donated big to GOP senators up for re-election; they're still silent on USPS By Tim Dickinson, Rolling Stone, August 19, 2020 Article: Treasury’s Role in the Postal Sabotage By David Dayen, The American Prospect, August 18, 2020 Article: DeJoy donated big to GOP senators up for re-election; they're still silent on USPS By Roger Sollenberger, salon, August 18, 2020 Article: Unsanitized: Political Tide Begins to Turn in Postal Service Crisis By David Dayen, The American Prospect, August 17, 2020 Article: U.S. Postal Service letters to states The Washington Post, August 17, 2020 Article: Postal Service warns 46 states their voters could be disenfranchised by delayed mail-in ballots By Erin Cox, Elise Viebeck, Jacob Bogage, and Christopher Ingraham, The Washington Post, August 14, 2020 Article: Postmaster general under fire over Amazon stock holdings By Kim Lyons, The Verge, August 13, 2020 Article: Financial disclosures reveal postmaster general's business entanglements and likely conflicts of interest, experts say By Marshall Cohen, CNN, August 12, 2020 Article: How Trump’s mail voting sabotage could result in an election night nightmare By Aaron Rupar, Vox, August 11, 2020 Article: Trump administration taking unusual steps to put its stamp on Postal Service ahead of November elections By Jeremy Herb and Jessica Dean, CNN, August 10, 2020 Article: Postal Service says it has 'ample capacity' to handle election after Trump casts doubt By Jessica Dean, Jessica Schneider and Caroline Kelly, CNN, August 3, 2020 Article: Treasury agrees to lend Postal Service $10 billion in trade for rivals' shipping contracts By Jacob Bogage, The Washington Post, July 29, 2020 Letter: Addressed to Louis DeJoy, Postmaster General From Steven Mnuchin, Federal News Network, July 28, 2020 Article: Trump personally pushed postmaster general to double rates on Amazon, other firms By Damian Paletta and Josh Dawsey, The Washington Post, May 18, 2020 Document: United States Postal Service: A Sustainable Path Forward By Department of the Treasury, December 4, 2018 Article: Miscarrying at Work: The Physical Toll of Pregnancy Discrimination By JESSICA SILVER-GREENBERG and NATALIE KITROEFF, The New York Times, October 21, 2018 Order: Executive Order on the Task Force on the United States Postal System White House, April 12, 2018 Article: Donald Trump to return to NC for first time as president By Brian Murphy, The News & Observer, October 3, 2017 Article: U.S. Postal Service to halt retail sales at Staples stores after union complaints By Joe Davidson, The Washington Post, January 5, 2017 Article: USPS's controversial deal with Staples headed to showdown over legality By Lisa Rein, The Washington Post, January 16, 2015 Article: Staples' selling postal products without USPS workers brings complaints of privatization By Joe Davidson, The Washington Post, January 16, 2014 Article: Obama's Partly to Blame for the Postal Service's Backward Ways By David Dayen, The New Republic, February 10, 2014 Article: Are Contract Postal Units and Village Post Offices the Post Office of the Future? By Damian Paletta and Josh Dawsey, United States Postal Service, Office of Inspector General, October 24, 2011 Document: ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 By UNITED STATES POSTAL REGULATORY COMMISSION Document: The Postal Accountability and Enhancement Act: Overview and Issues for Congress By Kevin R. Kosar, Congressional Research Service, December 14, 2009 ______ Additional Resources Bill: H.R. 8015 - Delivering for America Act Tweet: Leader McConnell, Twitter, August 22, 2020 Profile: John Barger, LinkedIn Collection: PRC Reports, Postal Regulatory Commission Postal leadership: Robert M. Duncan Leadership: Board of Governors Images Source: United States Postal Service: A Sustainable Path Forward Report from the Task Force on the United States Postal System Source: @realDonaldTrump, Twitter Source: @realDonaldTrump, Twitter Sound Clip Sources News: Bill Maher’s New Rules segment, Twitter, August 28, 2020 Hearing: Protecting the Timely Delivery of Mail, Medicine, and Mail-In Ballots, House Oversight and Government Reform Committee, August 24, 2020 Watch on YouTube Witnesses: Louis DeJoy: Postmaster General Robert Duncan: Chairman of the United States Postal Service Board of Governors Transcript: 1:34:35 Rep. Jim Cooper (TN) Mr. DeJoy, as a megadonor for the Trump campaign, you were picked along with Michael Cohen and Elliot Broiding, two man who have already pled guilty to felonies, to be the three deputy finance chairman of the Republican National Committee. Did you pay back several of your top executives for contributing to Trump's campaign by bonusing, or rewarding them? Louis DeJoy: That's an outrageous claim, sir, and I resent it. Rep. Jim Cooper (TN) I'm just asking a question. Louis DeJoy:* The answer is no. **Rep. Jim Cooper (TN) So you did not bonus or reward any of your executives. Louis DeJoy: No. Rep. Jim Cooper (TN) Anyone that you solicited for contribution to the Trump campaign? Louis DeJoy: No, sir. Rep. Jim Cooper (TN) Not in whole or in part? Louis DeJoy: Actually, during the Trump campaign. I wasn't even working at my company anymore. Rep. Jim Cooper (TN) Well, we want to make sure that... campaign contributions are illegal. So all your campaign are legal. Louis DeJoy: I'm fully aware of legal campaign contributions. And I resent the assertion? So what are you accusing me of? Rep. Jim Cooper (TN) Well, I'm asking a question. Do your mail delays fit Trump's campaign goal of hurting the post office, as stated in his tweets? Are your mail delays implicit campaign contributions? Louis DeJoy: I'm not going to answer these types of questions. I'm here to represent the Postal Service, it has nothing to do with... All my actions have to do with improvements in postal service. Am I the only one in this room that understands that we have a $10 billion a year loss. Right. Am I the only one in this room that has looked at the OIG reports that have stacked up? Rep. Jim Cooper (TN) Will you give this committee your communications with Mark Meadows, with Treasury Secretary Mnuchin, with the President. Louis DeJoy: Go ahead and do that. Rep. Jim Cooper (TN) Mr. DeJoy, is your backup plan to be pardoned like Roger Stone? You have two seconds to answer the question. Louis DeJoy: I have no comment on that. 1:36:50 Rep. Greg Stube (FL): I as a veteran who served in Iraq in support of Operation Iraqi Freedom to compare postal workers to our military service members in Iraq or Afghanistan, quite frankly, to me is offensive. Last time I checked Postal Service drivers weren't getting their vehicles blown up by IEDs are being shot out as they drove around and delivered mail. So to try to compare our military service members who sacrifice on the battlefields across this world to our postal service members, that is frankly offensive as a person that had served. 1:54:45 Louis DeJoy: It was the summertime, mail volume was down significantly, so it was not...we're getting ready for the peak season and an election is three months away. It was a good time to start to try and roll this out that we are getting the request was just run your trucks on time, put a plan to run your trucks on time. 1:56:05 Rep. Gerry Connolly (VA): Do you not tell the Board of Governors this month, in August, that in fact you have had contact with a Trump campaign to ask them to stop their attacks on the Postal Service and voting by mail? Louis DeJoy: I have put words around to different people that this is not helpful to... Rep. Gerry Connolly (VA): You did have contact with the Trump campaign, for a good purpose? Louis DeJoy: I'm trying to think...when you say the Trump campaign, I've not spoken to Trump campaign leadership in that regard. I've spoken to people that have filled that out that are friends of mine that are associated with the campaign. Rep. Gerry Connolly (VA): One of them was Steve Mnuchin. Louis DeJoy: Steve Mnuchin is Secretary of Treasury. Rep. Gerry Connolly (VA): I know. Louis DeJoy: Yeah, I never spoke to Steve about telling the President to not do something. 2:19:20 Rep. Jamie Raskin (MD): What do you make of the former Chairman of the Board of Governors, Mr. Fineman calling Treasury Secretary Mnuchin involvement's in the selection process 'absolutely unprecedented.' Louis DeJoy: Stephen Mnuchin had nothing to do with my selection. Okay. I was called by Russell... Rep. Jamie Raskin (MD): Did you talk to Secretary Mnuchin about taking the job? There was report that you had lunch together to discuss it? Louis DeJoy: Totally inaccurate and outrageous. Rep. Jamie Raskin (MD): You've never talked to him about it, before taking job you never talked to him about taking the job? Louis DeJoy: I talked to him about the job after I received the offer. I did not accept the offer immediately. Rep. Jamie Raskin (MD): Okay, but you never spoke to him before about his soliciting your interest in the job or... Louis DeJoy: He did not solicit any interest. I kept my interest, which as you identified, he did not know that I had an interest. I had a perfectly good life prior to this, but I was interested in helping and I was called by Russell Reynolds out of the blue. 2:53:00 Rep. Ro Khanna (CA): Thank you, Mr. DeJoy for being here. I want to see if we can find some common ground to resolve some of the differences. Can you begin by sharing with the American people in this committee, the unofficial motto of the postal service? Louis DeJoy: No rain or snow, sleet nor hail will make our delivery? Rep. Ro Khanna (CA): Yes. It's about service. Correct, not about profit. Do you know how many veterans served in the postal service? About? Louis DeJoy: 100,000? Rep. Ro Khanna (CA): Correct. Do you know what percentage of veterans about rely on the postal service for their prescription medicine? Louis DeJoy: I don't know. Rep. Ro Khanna (CA): It's a high number. It's about 80% of veterans. So I guess my beginning I want to ask you this, you know, our defense department. We don't tell them you have to go sell weapons to make revenue to serve the American people. We don't say that about our health service, or the National Institute of Health. Why should we have a different standard for the postal service? Why do you have to go and make a profit instead of just serving the American people, sir, it's interesting and good question. And it's not that we need to make a profit. It's to be self sustaining, which means at least cover your costs. But why it's such a small. I'm not a legislator, I'm the Postmaster General Do you know? I mean, do you know the history? Do you remember the time in the Postal Service history where that wasn't a requirement? Louis DeJoy: I do in the 70s. Rep. Ro Khanna (CA): Actually, it was from 1840 to 1970. We funded the Postal Service, we didn't require them to make a profit because we thought people should in rural America and other places and our veterans should serve and one of the reasons people serve in the Postal Service who've served in our military is they view it as public service. 2:54:50 Rep. Ro Khanna (CA): Your perspective is that these mail sorting machines aren't required, because packages need to be delivered and open up floor space. It's your testimony that you didn't direct it, correct? Who directed it? Louis DeJoy: I didn't, have not done and investigation. It came probably through our operations. It's been a long term and you don't know who directed it. You don't know who implemented it. Louis DeJoy: Well, there's hundreds of them around the country in different places. It was an initiative within the organization that preceded me. 2:56:15 Rep. Ro Khanna (CA): So if it costs less than a billion dollars, regardless of whether it's efficient or not, what is the harm in just putting those machines back until Election Day, just for the peace of mind for the confidence of the American people? Louis DeJoy: Well, first of all, sir, we've heard all statistics about the mail and the votes and so forth. Right. And we don't need the machines to process it. But you make a statement about for a billion dollars, if we just gave you a billion dollars, you're not going to give us a billion dollars. We're going to make a request. You have no way of getting us a billion dollars. We haven't been funded in 10 years. You can't pass any legislation that helps the Postal Service. Rep. Ro Khanna (CA): If I can just finish this point. We give you the money. Do you see my point? Louis DeJoy: It's a hypothetical, I'm not willing to...you haven't given us any money, you haven't given us any legislation and you're sitting here accusing me with regard to the machines as the committee. Rep. Ro Khanna (CA): But what is the harm? I think most Americans are trying to understand what is the harm in putting these machines even if the machines in your perspective don't do anything, what is the harm to do until Election Day. Louis DeJoy: In Washington, it makes plenty of sense, to me it makes none. Rep. Ro Khanna (CA): You haven't explained why and then final question. Louis DeJoy: Because they're not needed that's why. Rep. Ro Khanna (CA): But if it will restore people's faith in a democracy and avoid a polarized electorate, I would think it... Louis DeJoy: Okay, get me the billion and I'll put the machines in. Rep. Ro Khanna (CA): Okay, well, that's a commitment. We'll find a way to get you the money. 3:17:20 Rep. Glen Grothman (WI): You right now have I'm told about $14 billion in the bank. Do you anticipate the election causing that to be rundown at all? Or do you anticipate it going up, would have any dent on it? Louis DeJoy: I don't think it will have too much of an impact in either way. Rep. Glen Grothman (WI): Okay, so if you had 14 billion in the bank, now, you're still going to have 14 billion on as you know, on December first. Louis DeJoy: That it this point we lose, we will probably lose 10 or $11 billion this year. So depending on how package volume stays, we could have less cash. And if I may, having $14 billion, we also have, I have $12 billion worth of liabilities that need to be paid at some time over the next six months. We have $135 billion of liabilities, we wanting a 633,000 person organization that does not get funding even though the federal government ends in September, they have an expectation of getting funding. We don't have an expectation of getting funding so we have to drive cost out and increase revenue. And that's the big difference that we have than any other agency. So for $14 billion, while it sounds like a lot of money, it's not a lot of money for what we do. 3:22:10 Rep. Debbie Wasserman-Schultz (FL): I want to take this opportunity to enter into the record Madam Chair, on August 18 2020 emailed from USPS Director of Maintenance Operations Kevin Couch. Madam Chair. The email reads "please message out to your respective maintenance managers tonight they are not to reconnect, reinstall machines that have been previously just been disconnected without approval from headquarters maintenance no matter what direction they are getting from their plant manager." Mr. DeJoy, yes or no. And you've indicated in this committee hearing that it's not your job to decide about whether sorting machines are on or offline. But at the same time you told Mr. Khanna that you won't bring them online because they're not needed. So yes or no, have any plant managers requested mail sorting machines be reconnected? Louis DeJoy: First of all, Rep. Debbie Wasserman-Schultz (FL): Yes or no. Louis DeJoy: I disagree with the premise. Rep. Debbie Wasserman-Schultz (FL): I'm not asking you anything other than, reclaiming my time Madam Chair. Yes or no? Madam Chair Reclaiming her time, yes or no answer. Rep. Debbie Wasserman-Schultz (FL): Yes or No. Have any plant managers across the country in the USPS requested mail sorting machines be reconnected. Louis DeJoy: How would I know that? Rep. Debbie Wasserman-Schultz (FL): You're in charge? You don't know whether there are there are plant managers that have requested. Louis DeJoy: No I don't know that. Rep. Debbie Wasserman-Schultz (FL): But let me let me just assure you that there are plant managers that was reported in the in the press in both Washington. There are plant managers in Texas and Washington. And I have articles that I can show you that have asked to have sorting machines reconnected and brought back online. And they've been too scared to come forward to say so. So you've you've indicated that it's local leadership in this hearing, I heard you say it's not your job to decide whether the sorting machines are brought online or not. Someone needs to mute Madam Chair. Madam Chair, please, please mute. Madam Chair People that are listening, please mute. Rep. Debbie Wasserman-Schultz (FL): I probably I need probably about additional 30 seconds from the interruptions added back onto my time, please. You have said in this hearing, it's both not your job to make decisions about sorting machines, and at the same time, you've said that you're not going to bring them back online because they're not needed. It can't be both. 3:40:50 Louis DeJoy: Across the country, our employee availability is down three, 3 to 4% on average across the country, but the issue is in some of the hot spots in the country areas like Philadelphia, Detroit is probably 20, the averages cover that and that could be down 20% and that's given us this, contributing to the delivery problem that we're having. 3:49:50 Louis DeJoy: I had nothing to do with the with the collection boxes, the sorting machines, the postal post office hours or limiting overtime, the change I made was asked the team to run the trucks transportation on time and mitigate extra trips based on a review of an OIG audit that was absolutely astonishing in the amount of money we were spending and the number of late trips and extra trips we were running. It was a plan that was rolled out with operations in is very, very important aspect of the network. It's a very people ask why do trucks matter? Why did on time trucks matter? They do matter. It's a fundamental premise of how the whole mail network is put together. If the if the trucks don't run on time, the mail carriers can't leave on time they're out there at night. They have to come back and get more mail collection processes or late, plant processes distorted. I see several billion dollars in potential savings in getting the system to connect properly. And that's why we ran out and put a plan together to really get this fundamental basic principle. Run your trucks on time. I find it really... I would not I would not know how to reverse that. Now, what am I to say? Don't run the trucks on time. Is that the answer that we're looking to get me to say here today? 3:58:50 Rep. Jackie Speier (CA): Mr. Duncan, you've also been active in President Trump's campaign. And as a director of American Crossroads superpac. Is that correct? Robert Duncan: I'm the director of American Crossroads Super PAC. Yes. Rep. Jackie Speier (CA): And you've contributed over $1.9 million to President Trump's campaign. Robert Duncan: That's not correct. Rep. Jackie Speier (CA): Not you personally but the PAC. Robert Duncan: I don't know the answer to that. Rep. Jackie Speier (CA): Well, the records show that. 4:02:20 Louis DeJoy: Before I went into... In the Postal Service, you file your forms the day you arrive at work, I filed my forms. I was going to a meeting on Amazon, I owned stock someplace in a call at Morgan Stanley, and I was...that they told me I had to either recuse myself from reviewing a number of contracts or sell the stock. I called our broker to sell the stock. We actually had calls. Rep. Jackie Speier (CA): Mr. DeJoy, I'm gonna have to Louis DeJoy: but I did not buy options. I actually bought call calls that Rep. Jackie Speier (CA): It's on your statement. Louis DeJoy: I bought covered calls back and at a loss. That's what I did to get completely out of stock. I had to unwind covered calls. Rep. Jackie Speier (CA): You still have those calls, do you not? Louis DeJoy: No, I had to pay more money for the calls than I sold them for. I think you should get an understanding of what a covered call is before you accuse me of any improprieties. 4:49:00 Louis DeJoy: We got to this specific change. The production schedules within the plants were not aligned with the transportation schedules going between the plants. About 10% of the mail was not aligned. The production plants were getting done late and the trucks were leaving. And this was not a mandate that every truck leaves on time, we still have a significant amount of trucks that run delayed and a significant amount of extra trips. Judgments were made at each individual plant that provided for transitional issues and doing it. We will get this back. We're working very hard and it will be a successful endeavor for the United States Postal Service. 4:52:20 Rep. Alexandria Ocasio-Cortez (NY): Mr. DeJoy when, when your announcement in your new position as Postmaster General was announced, you know, there was some folks that were flagging concerns that you would be the first Postmaster General in two decades without previous experience or service directly in the USPS. But to be fair, and as you mentioned, you do have extensive career experience in supply chain logistics, correct? Louis DeJoy: I do. And in fact, you serve the CEO of your own supply chain company new breed logistics for 30 years, correct? Louis DeJoy: I did. And that was up until about 2014 when you merged new breed logistics with another company XPO logistics were you also served as CEO for a year and then served on its board of directors until about 2018 when you submitted your resignation. Correct? Louis DeJoy: Yeah. 5:10:40 Rep. Rashida Tlaib (MI): On June 24th 2020, you bought between 50,000 and 100,000, in what you refer to as, quote covered calls in the Amazon Corporation. But let's be very clear, Mr. DeJoy, no matter what financial maneuvering you performed to try to hide it. The fact is that you have financial interest in Amazon. So Mr. DeJoy, yes or no? Are you aware that Amazon uses the US Postal Service for 40% of its shipping? Louis DeJoy: I disagree with the premise that I bought stock and... Rep. Rashida Tlaib (MI): Do you know that 40% of its shipping? Louis DeJoy: I know there's a lot of shipping with us. Yes. Rep. Rashida Tlaib (MI): Okay. And I understand it. Your Amazon covered calls expires in about October of this year. So you'll have to make a decision regarding this financial interest and may potentially have sensitive information about Amazon's business with the US Postal Service which may influence that decision. This appears to be a classic example of conflict of interest, insider trading. Yes or no, will you commit right now. divest any and all financial interest in Amazon to avoid illegal insider trading. Louis DeJoy: Ma'am that was a lot of time on an issue that doesn't matter. I don't own any Amazon stock. Rep. Rashida Tlaib (MI): You have financial interest. You can call it whatever you want. Louis DeJoy: I don't own anything with Amazon. You can continue to... Rep. Rashida Tlaib (MI): Until you do that. Your financial interest in Amazon will continue to be problematic and illegal and a conflict of interest. 5:16:25 Rep. Katie Porter (CA): Did you actually read and independently analyze the major overhaul plans before you ordered them to take effect? Louis DeJoy: Again, I will repeat that I did not order a major overhaul plans, the items you identify were not directed by me. I did. And we don't need much analysis to get to run your trucks to a schedule. Rep. Katie Porter (CA): Reclaiming my time. Mr. DeJoy, could you please tell me who did order these changes if he U.S. Postmaster General did not because these changes have resulted in and you have set yourself in this hearing. Louis DeJoy: The Postal Service has been around for 250 years. There were plans there were many, many executives, almost 30,000 executives within the organization, and there are plans that existed prior to my arrival that were implemented. Rep. Katie Porter (CA): Mr. DeJoy If you did not order these actions to be taken. Please tell the committee the name of who did. Louis DeJoy: I do not know. Rep. Katie Porter (CA): Mr. Joy Did you analyze these plans before they went into effect? US Postmaster General supervise whoever did apparently... Louis DeJoy: As I've stated numerous times the plans were in effect and being implemented before I arrived. Rep. Katie Porter (CA): Mr. DeJoy, do you take responsibility for these changes? Louis DeJoy: I take responsibility from the day I sat in a seat for any service deterioration that has occurred. You're asking about operational changes that go on throughout the whole organization around the around the country. Rep. Katie Porter (CA): I'm reclaiming my time sir. Mr. DeJoy, will you commit to reversing these changes. Louis DeJoy: No. 5:19:25 Rep. Katie Porter (CA): Do you own any financial interest, whether options or stocks covered calls, bought or sold? Do you own today any financial interest in Amazon? Louis DeJoy: I do not. 5:20:55 Rep. Mike Quigley (IL): You've accepted the responsibility for the delays. But we're still not clear what exactly what changes took place and what were yours. Under Miss Lawrence's questioning. You said you stopped the pilot program. When you stopped everything else. Let me ask you, what in your mind, were you stopping besides the pilot program? Louis DeJoy: I stopped the removal of collection boxes around the country. I stopped the process of reducing hours at postal retail centers and I stopped the removal of the flat and mail sortation boxes, machines. Rep. Mike Quigley (IL): So, your argument for doing that is that you saw... that it wasn't working or? Louis DeJoy: No they... I met with with with the speaker and Senator Schumer and we just collectively thought about the heightened discussion that was going on around the nation. Rep. Mike Quigley (IL): And respectfully, Sir, why that and not the overtime issues and not the sorting machines? Why did you pick those and not the others which seem to have pretty dramatic impacts? Given the fact that things didn't go well, wouldn't you want to look back coming from the private sector and say, gee, maybe that is impacting us negatively. Was there some other reason you're thinking, well, no, I'm not going to change those. Louis DeJoy: Not changed their truck schedule and the... Rep. Mike Quigley (IL): The overtime, the sorting machine over time. Louis DeJoy: I've spent $700 million and, we have spent 700. Rep. Mike Quigley (IL): You recognize that there are many including in my district, post office locations which are cutting back on overtime. They're following somebody's order in and you won't mention who that is. So back to accountability, you got to admit your own it right. Louis DeJoy: How do you know that they're cutting back on overtime? Rep. Mike Quigley (IL): Imagine or let me put it another way. Are you certain that they're not cutting back on overtime? Louis DeJoy: The direction was given to stop cutting back on overtime in postal retail centers. Rep. Mike Quigley (IL): When was that done? Louis DeJoy: I haven't done an audit yet. But I would believe they're pretty compliant. Rep. Mike Quigley (IL): Wait, when was that order given? Was that part of the order you just talked about? Louis DeJoy: I don't know what you're asking. Rep. Mike Quigley (IL): Are you saying when you stopped everything else, it included the overtime issue as well. Louis DeJoy: There was no directive to reduce overtime anywhere within the organization. Rep. Mike Quigley (IL): And are you certain that no one was cutting back on overtime. Louis DeJoy: No, I'm not certain that's part of the problem at the Postal Service, sir. That's what I'm trying to get my hands around there was a lot of... And that's why I did the reorganization. Rep. Mike Quigley (IL): Respectfully, you can imagine, though, that... Louis DeJoy: There's a lot of judgment made in local areas that is not a normal... Rep. Mike Quigley (IL): You're being selective on what you're taking credit for and not and a cynical person could say, you're just trying to avoid going before the regulatory body, because these aren't changes. But when your own, as you say, you're Republican, when your own party says, did you stop these changes? You said yes. And in your documents, you talk about the fact that there were changes. You can't have it both ways. There were changes. You seem to have a line there that you don't want to have, because it means you have to go before the regulatory board and you don't want to do that. Louis DeJoy: It sounds like... Rep. Mike Quigley (IL): It sounds like what happened. Louis DeJoy: It sounds like a weak theory to me. 5:24:50 Rep. Mike Quigley (IL): Have you communicated with anyone in the administration? Since you were considered for this spot about how to operate? USPS? Louis DeJoy: No. Rep. Mike Quigley (IL): No one has communicated with you who works in any way with the Trump administration. And you haven't communicated in any way with anyone who works in the Trump administration or the Trump campaign about how to operate post office. Louis DeJoy: The only time I communicated with someone in the Trump administration was Secretary Mnuchin, when we were negotiating, negotiating the terms of the $10 billion note and my discussion in general, it was early on in my arrival in generalities were that I think that we have some opportunities here, looking to try and grow revenue, improve service and get some cost out. Rep. Mike Quigley (IL): And what was the direction the other way? Louis DeJoy: There was no direction. My Postal Service's mind to run there was no direction. Rep. Mike Quigley (IL): My time has expired. Hearing: Examining the Finances and Operations of the United States Postal Service During COVID-19 and Upcoming Elections, Senate Homeland Security and Governmental Affairs Committee, August 21, 2020 Watch on C-SPAN Watch on YouTube Witnesses: Louis DeJoy: Postmaster General Transcript: 12:30 Louis DeJoy: Our business model established by the Congress requires us to pay our bills through our own efforts. I view it as my personal obligation to put the organization in a position to fulfill that mandate. With action from the Congress and our regulator, and significant effort by the Postal Service, we can achieve this goal. This year, the Postal Service will likely be ported loss of more than $9 billion. Without change, our losses will only increase in the years to come. It is vital that Congress enact reform legislation that addresses our unaffordable retirement payments. Most importantly, Congress must allow the postal service to integrate our retiree health benefits program with Medicare. 18:45 Louis DeJoy: We deliver to 433 million pieces of mail a day. So 150 million ballots 160 million ballots over a course of a week is a very, very small amount adequate capacity plus mail volume is down as you said 13-14% this year. 20:45 Louis DeJoy: Today there is about 140,000 collection boxes out in the United States. Over the last 10 years, about 30... averages about 3500. So 35,000 of them have been removed and it's a data driven method I have I haven't reviewed it but every year they look at utilization of post boxes, they look at where they place new post boxes, they look at where communities grow. So 35,000 over 10 years. Since my arrival, we moved 700 post collection boxes, of which I had no idea that that was a process. When we found out, when I found out about it, we socialized it here by some of the leadership team and looked at the excitement it was creating, so I decided to stop it, and we'll pick it up after the election. 33:58* Rep. Scott Peters (CA): Are you limiting overtime or is that being suspended right now and people will work overtime if necessary to move the mail out efficiently every single day. Louis DeJoy: Senator, we've never eliminated overtime. Rep. Scott Peters (CA): It's been curtailed significantly is what I understand. Louis DeJoy: It's not been curtailed by me or the leadership team here. Rep. Scott Peters (CA): It's been curtailed significantly. It's gone down. It's been limited. Will you commit to... Louis DeJoy: Since I've been here we've spent $700 million on overtime. Overtime runs 13% rate before I got here and it runs at a 13% rate now. 35:00 Rep. Scott Peters (CA): Will you be bringing back any mail sorting machines that have been removed since you become Postmaster General, will any of those come back? Louis DeJoy: There is no intention to do that. They're not needed, sir. Rep. Scott Peters (CA): So you will not bring back any processors. Louis DeJoy: They're not needed, sir. 35:30 Rep. Scott Peters (CA): Did you discuss those changes or their potential impact on the November election with the president or anyone at the White House and remind you you're under oath? Louis DeJoy: I have never spoken to the President about the Postal Service other than to congratulate me when I accepted the position. Rep. Scott Peters (CA): Did you speak or discuss any of these changes with Secretary Mnuchin? Louis DeJoy: During the during the discussion in negotiating the note, I told him I'm working on a plan. But I never discussed the changes that I may, to set up, working on a plan for to the to improve service and gain cost efficiencies. But no grave detail other than that, that was about it. 38:08 Rep. Scott Peters (CA): You have your word that you're not going to mandate that states send out any ballots using either the more expensive first class mail, and will you continue the processes and procedures to allow election mail to move as expeditiously as possible and treated like first class? Louis DeJoy: Yes, sir. We we will deploy processes and procedures that advance any election mail in some cases ahead of first class mail. 1:01:15 Louis DeJoy: Like take the Alaska bypass plan discussion that's an item on a table, that's an unfunded mandate. It costs us like $500 million a year. And what I asked for was all the unfunded mandates, right? That's a way for us to get healthy. Pay something for the unfunded mandates. If we just throw 25 billion at us this year, and we don't do anything, we'll be back in two years. If then maybe we should change the legislation and not make us be self sustaining. 1:55:50 Louis DeJoy: They're inside the plants. There's a production schedule for mail that would meet, that's set up to meet a dispatch schedule for trucks that gets tied to a destination center for, let's just say keep it simple go right to the delivery units where carriers go out in the morning and carriers then could come back at night. This whole thing is in a lined schedule in theory on paper, and there's lots of imbalances that we were finding as we went through this process, but the big thing to try and get everything aligned around is that transportation schedule. And now we have taken that up and all that mail that was going left well that was on that truck was also late mail. Right now we have advanced the mail we just some of the mail that coming off the processing lines. We found these imbalances and we did not as great a job as we shouldn't recovering for it, but we will. I'm seeing improvements right now. Once that comes together now we'll be moving around the country at 97% on time and I'm very, very excited and committed to trying to do that. And that, again, enables us to balance the front end and the back end, the delivery end of the system and saves us all that money that you saw in the in the audit report and it's it's in billions, not millions. 1:58:45 Louis DeJoy: This this is very doable, FedEx and UPS do it. Hearing: Congressional Progressive Caucus to Hold Ad-Hoc Hearing on Attacks on the U.S. Postal Service, Congressional Progressive Caucus, August 20, 2020 Watch on Facebook Live Witnesses: David Williams: Former Inspector General of the USPS and former Vice Chairman of the USPS Board of Governors Mark Dimondstein: President of the American Postal Workers Union Tammy Patrick: Senior Advisor at the Democracy Fund Voice Transcript: 17:00 David Williams: I recently resigned as the vice chairman of the postal Board of Governors when it became clear to me that the administration was politicizing the postal service with the Treasury Secretary as the lead figure for the White House in that effort. by statute, the Treasury was made responsible for providing the postal service with the line of credit. The Treasury was using our responsibility to make demands that I believe would turn the Postal Service into a political tool in its long history, as an apolitical public infrastructure. 17:45 David Williams: Clearly the President was determined that the postal service should inflict harm on Amazon delivery by sharply raising parcel shipping prices on everyone by 400% or more. 18:30 David Williams: The President eventually admitted that he was withholding COVID-19 relief funds from the Postal Service so that it could not reliably enable voting in his upcoming elections. 18:40 David Williams: The Treasury Secretary also insisted that all republican appointees on the board of governors and the Postal Regulatory Commission come to his office and kiss the ring and receive his blessing before confirmation. This continued context with him away from the full board continued issuing orders and expressing his approval and disappointment in their performance. 19:00 David Williams: The Secretary was keenly interested in labor agreements, postal pricing increases, and especially volume discounts being given to Postal Service's largest customers Amazon and UPS and FedEx. The Postal Service replied to the early demands from the Secretary, explaining the two provisions he was asking for were illegal, but the concerns were ignored. 19:30 David Williams: Ironically, the actual fiscal concern was not whether the Postal Service could zero out its $15 billion line of credit. The Postal Service keeps a huge cash on hand account. They could always pay off all our most of that loan. The real concern was that the Treasury had borrowed and spent our $300 billion pension and retiree health Fund. The interest rate set by Treasury for itself was so low that the funds were dying. As the funds been invested in a retirement fund, the liability would be fully covered by now. 20:30 David Williams: Additionally, post offices should be allowed into related business lines and become a single neighborhood point of access for government services that cannot be put online. Postal carriers going to every door can provide personalized services to challenged and elderly Americans that would enable citizens to live in their own homes independently. Post offices and carriers can also support and resupply the new army of workers that are officeless, are working at home, while providing work opportunities to those living in rural areas. 21:45 David Williams: I recently resigned as the Vice Chairman of the Postal Board of Governors when it became clear to me that the administration was politicizing the postal service with the Treasury Secretary as the lead figure for the White House in that effort. By statute, the Treasury was made responsible for providing the postal service with the line of credit. The Treasury was using our responsibility to make demands that I believe would turn the Postal Service into a political tool in its long history, as an apolitical public infrastructure. 23:30 Mark Dimondstein: But our ability to reliably continue to serve the people and serve the country is under threat in several ways. First and most urgently is the effect of the pandemic on a Postal Service's finances. The sharp economic contraction that began in March also affected the mail. Letter mail is contracted over 30%. And even with a surge in package volumes, the postal service projects because that won't list the postal service projects it will suffer $50 billion of lost revenue over the next 10 years directly due to COVID and will likely face a cash shortfall as soon as March of next year. Simply put, because the United States Postal Service normally runs its operations with zero tax dollars, that pandemic related lost revenue places the continuity of a central Postal Service is at serious risk and that's why we've worked so hard along with so many others to secure a minimum of 25 billion in emergency COVID relief and it's backing the bipartisan unanimous request to the postal Board of Governors. 24:30 Mark Dimondstein: June 2018. The White House Office of Management budget report openly called for the privatization of the Postal Service. White House task force that followed later that year did suggest slowing down the mail cutting delivery services restricting union rights for workers and drastically raising packages. 39:30 David Williams: After my arrival I had asked and others expressed interest in gaining assurance that the postal service would be able to respond to normal levels and enhanced levels of voting by mail. And actually, if an entire state wanted to vote primarily by mail, we received a formal ???, that the confidence level could not be higher that the Postal Service could perform this task and deliver this volume of of mail transactions. They were in the process and nearly completed, briefing each of the states and the voting, the Secretary of State, explaining to them how the flow would work. If they needed a postmark, helping them understand how to get a postmark on their letters. We were told the capacity was always good, but it was especially good now because during the COVID crisis, the degree of advertising mail and other mail had fallen. And so this would give us plenty of capacity. And they said their experience was great. They'd been handling overseas military mail, a more complicated process for years, and that had gone well. Several states were already voting by mail that had gone well. And they felt they were had forever provided absentee voting process. And so we felt we felt very good about it at that time, and that was quite recent. 41:15 David Williams: The board interviewed several firms that managed and handled talent. We selected Russell Reynolds, and they began developing a number of candidates. We heard their names and rather late in the process I heard for the first time. Mr. DeJoy's name. It came through one of the governors and he had somehow, Mr. DeJoy come to his attention. They had lunch together and he wanted to move his name forward. It wasn't clear how the governor had met Mr. DeJoy to me and I don't think anyone was clear on it from the presentations. Rep. Mark Pocan (WI): And who was the member of the board of governors who proposed Mr. DeJoy's name? David Williams: Governor John Barger, he was leading the search, his committee was leading the search. 43:30 David Williams: Actually, it predates the latest $10 billion expansion, goes back to our routine original $15 billion line of credit. Secretary Mnuchin indicated that he wanted to have some say in how the Postal Service ran as sort of being in charge of providing that that account. I don't think that had been done before. It was normally if Congress assigned you that responsibility, you perform the responsibility. He indicated he would like to impose this through the use of terms and conditions on the $15 billion line of credit. We then received shortly after he announced this verbally, we then received the draft terms of agreement. They were very interesting and I hadn't seen anything like it before. He wanted to approve price changes. labor agreements. And perhaps most disturbingly, the very sensitive negotiated service agreements with our largest customers, Amazon, UPS, FedEx and some others. He also was urging that we adopt a pricing methodology called fully allocated cost methodology. That was something that the United Parcel Service had been advocating for a very long time. I think all of us felt that perhaps UPS that influenced him in advocating for that, and it would be really in a ruinous to the postal service to adopt. No one would adopt it, certainly not not UPS themselves, FedEx or Amazon. It would prevent competition in the market where the Postal Service has been gaining market share. 45:45 David Williams: Also General Counsel sent a letter saying that the transfer of our duties and decision making authority to him was illegal. The Treasury went forward not withstanding that. My position was that when they arrived, we should simply refuse that another department cannot impose its will on another department and the federal government. In addition to that, we're an independent entity, and so it was especially egregious. 46:15 Rep. Pramila Jayapal (WA): Let me ask you about Postmaster General DeJoy's independence to run an agency when he has significant financial conflicts of interest. He holds at least $30 million in stock and a postal service contractor FBO, and he owns stock and Postal Service competitors, Amazon and ups. So he stands to make enormous profit. If use of the Postal Service goes down and privatization increases, and he is now responsible for slowing mail delivery right now. Can you provide insight into how that happened and whether a normal background check was was instituted in this situation. David Williams: When it became clear that he was a serious candidate and then obvious that he was the person about to be selected, we did discuss conducting a background investigation of him. None was conducted as of the time I left and I believe that was the night before his selection or two nights before selection. 50:45 Raskin: Do you know why he was selected? David Williams: I don't. 51:30 David Williams: It looked like there were concerns about whether his company was building correctly and performing fully. Those are often wrong, but I think they they sometimes are correct. That contract file needs to be examined, we need to go through whether the Postal Service demanded that he returned any money or any concerns they had with a performance, that's a very normal kind of examination. And I don't mean to say there were there were valid problems, but this would suggest that an examination should be done. 57:00 Rep. David Cicilline (RI): With respect to your resignation, you resigned because it was your determination that what the Postal Service was being asked to do, as a condition of a line of credit, which we included in the CARES Act, those conditions were included, those were developed by Mr. Mnuchin in an effort to control the Postal Service, is that right? David Williams: Yes, I was concerned that the Board of Governors was running an independent organization and instead it had become politicized and the decision making was largely transferred to the Secretary of Treasury. 57:45 Rep. David Cicilline (RI): You were the Inspector General and you were the Vice Chair of the Board of Governors. Have you ever seen or heard in the history of the post office this effort by the President or the executive branch to intrude and take over the operation of the US Postal Service? David Williams: No, sir. I've never seen anything like that. 59:30 Mark Dimondstein: Overtime was running between 15 and 20%. Some of that just the ebbs and flows of mail. Some of its that were generally short staffed and they need to hire. And some of it's the pandemic. We've had almost 3,000 people who have tested positive for COVID. We've had 40,000 people quarantined since March, when that happens. And of course, we've had all the childcare challenges with schools closing. So leave usages up and the overtime is partly used to make up for that and to just arbitrarily come in and say 15 to 20% of the hours of work. However, they're going to work at higher overtime, some combination of the two, but eliminate 15 to 20% of the hours of work, but the work is still there simply means that the work won't get done, backing up, and we've had evidence, we have pictures of parcels sitting there for over a week, they were just never sorted. And that's the mail that belongs to people this country. 1:07:15 David Williams: I was a appointee for both Republican and Democratic administrations. Rep. Mark Takano (CA): Which administrations, if you don't mind. David Williams: Bush, Clinton, as you said, the current president, and then then I also continued service during several other administrations. 1:08:30 Rep. Mark Takano (CA): So President Trump did appoint you to the Board of Governors, is that correct? David Williams: He did. 1:09:30 David Williams: The removal of the 25 billion happened at the 11th hour after everyone was on board. Secretary Mnuchin removed it personally at the very 11th hour. Rep. Mark Takano (CA): So let's be clear. The Board of Governors appointed by the president requested $25 billion to get through a pandemic, a decline in revenues. That was what was the Board of Governors best estimate of what you would need. Is that correct? David Williams: Yes, sir. 1:18:00 Tammy Patrick: Do we know that the majority of voters who vote by mail return their ballots by dropping them in an official Dropbox for the elections office? 1:22:45 Tammy Patrick: Let's go out at two different rates, first class and marketing mail and marketing mail used to be called standard and the delivery timeframes didn't used to be that far apart. It used to be first class mail was one to three days, standard mail or marketing mail was more like three to five days. So that was really a question of one or two days difference. But because ballots were going out with the logo, they were getting the first class service for a discounted rate, which I will say many election officials felt was their right under the National Voter Registration Act, which talks about discounted rates for election materials that are used for voter registration. And any ballot that gets returned undeliverable, as addressed gets used to update the voter rolls. So we do know that that the states that traditionally use that marketing mail rate are the western states that have high volumes of vote by mail. And they have just as recently as this last week for the primaries that have happened in Washington, Arizona. Millions of ballots went out at marketing mail rates, they did not see a decrease in delivery. They did not see delays. The local Postal Services are telling election officials whether it's the secretaries of state or county recorders or registrar's or auditors, that they will get that mail through on time. So I'm not as worried about that part of it. The part I'm concerned about is the message that it gets to the voter. And whether or not the voter is going to still believe local officials all across the country have told me in the last week, the number one thing they're doing is answering the phone with concerns from voters who have put in an application to get a ballot by mail, and now are worried that they shouldn't have done that. 1:27:15 David Williams: There are a couple of very odd aspects to this pullback. One is you don't save money by breaking down machines and putting them away and storing them you spend money. So that was a very odd action normally the reason to keep those machines and plants in place or in the event of a Katrina or a 9-11, or the election or the COVID crisis, removing those is thinning out the Postal Service's ability to redirect mail in the event of an act of an incident like that. The blue boxes were maybe the most interesting of all, though, those were not part of ongoing claims. To my knowledge. As a matter of fact, Secretary Mnuchin wanted that done. His study of the Postal Service asked that it be done. I asked the Postal Service about it and they said it wouldn't save anything and there would be no reason to remove those. 1:29:15 David Williams: The service scores are probably the best objective measure and those are significantly off. Where even though there's less mail, it's moving more slowly. Much more slowly. That's strange and disturbing. 1:33:30 Rep. Ted Lieu (CA) I also want to follow up on your comment today about Treasury Secretary Mnuchin. Is the Postal Service under the Treasury Department. David Williams: I know that, I certainly know that the terms and conditions that originally came over moved all the important decision making from the board to him. I don't know the present case. I don't know presently if that was successful or unsuccessful. 1:35:00 Rep. Andy Levin (MI): Did you participate in any interviews of other candidates for Postmaster General at this time round? David Williams: I did. Rep. Andy Levin (MI): How many candidates were interviewed, do you know? David Williams: I'm gonna have to estimate but I believe it was in the low teens. Rep. Andy Levin (MI): Were any of the other candidates qualified for the job as far as you could tell, did they all need to be assisted in their answers? The way you describe it where a member of the Board of Governors like helped them complete their answers as with Mr. DeJoy. David Williams: There was nothing like that. There were good candidates. Rep. Andy Levin (MI): And so Mr. DeJoy was really the only candidate who stood out to you as someone who was not qualified or capable, or in any event, he stood out. David Williams: I would say that, I would say that's correct. News Conference: US Postal Service and Mail-in Voting, U.S. Capitol, August 18, 2020 News Conference: Trump opposes election aid for states and Postal Service bailout, threatening Nov. 3 vote, White House, The Washington Post, August 12, 2020 Virtual Summit: Secretary Mnuchin on Coronavirus Pandemic and Reopening Economy, The Hill, May 21, 2020 Hearing: Postal Service Reform, House Oversight and Government Reform Committee, Feb 7, 2017 Watch on C-SPAN Witnesses: Megan J. Brennan: Postmaster General Robert Taub: Chairman of the Postal Regulatory Commission Lori Rectanus: Direction or Physical Infrastructure issues at the US Gov’t Accountability Office Arthur Sackler: Manager at the Coalition for a 21st Century Postal Service Fredric Rolando: President of the National Association of Letter Carriers Transcript: 1:50:35 Rep. Elijah Cummings (MD): Taking all these requirements and trends together, the Postal Service reported a net loss of $5.3 billion for fiscal year 2016, which represents a 10th consecutive year of net losses. We have repeatedly discussed the deteriorating financial condition at the Postal Service in this committee, but the situation is now worsened by unprecedented lack of any Senate-confirmed members on the Postal Service’s Board of Governors. Because many key management decisions are reserved by statute to the Senate-confirmed board members, there are many actions, such as establishing rates, class, and fees for products, that the Postal Service simply cannot take now. 45:30 Fredric Rolando: Over the past decade, postal employees have worked diligently to restructure operations, cut costs, and sharply increase productivity, in response to technological change and the Great Recession. Despite the loss of more than 200,000 jobs, we’ve managed to preserve our networks and to maintain our capacity to serve the nation. But only Congress can address our biggest financial challenge: the unique and unsustainable burden to pre-fund future retiree health benefits decades in advance. No other enterprise in the country faces such a burden, which was imposed by legislation in 2006. The expense of this mandate has accounted for nearly 90% of the Postal Service’s reported losses since 2007. Without a change in the law, the mandate will cost $6 billion this year alone. Hearing: Postal Service Reform, Senate Homeland Security and Governmental Affairs Committee, September 26, 2013 Witnesses: John Hegarty: National President of the National Postal Mail Handlers Union Dean Baker: Co-Director Center for Economic & Policy Research Transcript: 33:40 Sen. Tom Carper: Much as the auto industry is right sized itself over the last half dozen or so years, what the Postal Service is attempting to do is to right size the enterprise, and we're trying to not be an impediment. But actually to help you do that. If you go back a dozen or so years ago, your workforce i think is Postmaster General said is about 800,000 people today, it's just under 500,000. If you go back about a half dozen years ago, my recollection is the number of postal processing plants in our country was about 600. We're now down to roughly three, three and a quarter. 46:40 Sen. Tom Coburn: If you look at the private sector. The benefits per employee, average $10,589. At the state and local government level, it's $16,857. At the federal level, it's $41,791. And that's a significant fact we need to bear in mind as we ask the postal service to be competitive. 1:59:30 John Hegarty: 300 processing plants have been eliminated in the past five years, and the employee compliment has been reduced by more than 300,000. Postal employees have already contributed to and sacrificed for the financial turnaround of the Postal Service. My members have had their wages frozen for the past two years, and employee contributions have increased for both health insurance and retirement. About 20% of postal employees including more than 5000 members of my union are working in non career part time jobs at reduced pay rates. And thousands of employees have been involuntarily excessed or transferred to other work locations often hundreds of miles away and have had to uproot their homes and their families because of the closings and consolidations of the postal network. Last week, the Postmaster General testified that the Postal Service has reduced cost by $16 billion during the past few years. As a labor intensive service industry, it should be clear that most of those savings have come from postal employees. 2:20:50 Dean Baker: Just think it is striking I had occasion to be in on one of the mediation hearings back in 2011. I looked at the Postal Service's projection at that time, they're projecting revenue falling to just 63 billion as of 2013. And continuing to decline over the rest of the decade. So it'd be about 59 billion by the end of the decade, we're now looking at revenue of 66 billion. So in fact, there's been really a quite remarkable turnaround. We're looking at a system that does look as though it's quite viable, apart from these retiree obligations. So it's not as though we have an ailing system on its last legs. It looks very much as though we have a system that in principle is viable. That's suffering very much from I would say at least, an excessive burden in requiring it to pre fund at a very rapid rate. Hearing: Financial State of U.S. Postal Service, Senate Homeland Security and Governmental Affairs Committee, August 6, 2009 Speaker: John Potter - Postmaster General David Williams - Inspector General the US Postal Service Transcript: 46:10 David Williams: The Postal accountability and Enhancement Act of 2006 requires the postal service to make 10 annual payments of $5 billion each in addition to the $20 billion already set aside for pre funding its retiree health benefits, the size of the $5 billion payments has little foundation and the current payment method is damaging to the financial viability of the Postal Service even in profitable times. The payment amounts were not actuarially based instead, the required payments were built to ensure that the Postal Act did not affect the federal budget deficit. This seems inexplicable since the Postal Service is not part of the federal budget, does not receive an appropriation for operations and makes its money from the sale of postal services. The payment amounts are fixed through 2016 and do not reflect the funds earnings. Estimates of the Postal Service liability as a result of changing economic circumstances, declining staff size or developments in health Care and pharmaceutical industries. The payments do not take into account the Postal Service's ability to pay and are too challenging even in normal times. 1:04:45 John Potter: We hit our maximum number of career employees in late 1999. We had 803,000 career employees. We have been addressing the diversion of mail to electronics and have been managing our workforce very aggressively. Today we have 630,000 career employees. So we've managed to reduce that working with unions and within the contracts reduced by over 170,000 people, the number of employees we have. 1:10:10 John Potter: And when I look around the world and see what other posts are, if you're in Australia and you want to update your driver's license, renew it, you go to the post office. If you're in Italy and you go into a bank, more than likely going to the post office, if you're in Japan and you want to buy insurance, more than likely you're going to the post office. And if you're in France and you have a cell phone issue, more than likely, again, you're going to the post office. Hearing: Postal Service Reform, Senate Governmental Affairs Subcommittee on International Security, Proliferation and Federal Services, May 13, 2002 Speaker: John Potter - Postmaster General Transcript: 11:00 John Potter: Today, we're experiencing extraordinary declines in mail volume, and resulting losses and revenues. Our projected volume declined for this year, we'll be more than 6 billion pieces of mail below last year. That's the largest volume decline ever experienced in a single year. Despite this decline, we are working to reduce our net loss below our earlier projections. To achieve this, we will reduce the number of career employees through attrition by 20,000 people this year. In addition, we will cut over 60 million work hours compared to last year and we are postponing program expenditures and delaying capital investments. The net effect of these actions will reduce current planned expenses by $2 billion. Those savings combined with a $1 billion dollar infusion of revenue from the early implementation of the rate case means our projected net loss for the year will be in the range of $1.5 billion, instead of what easily could have been a loss of $4.5 billion. 16:05 John Potter: Essentially, the Postal Service could become profit driven, generate returns to finance capital projects, instead of increasing our debt load, introduced flexible pricing based on market demand, and develop better relationships with our employees. These and other long term changes to transform the postal service can only come with legislative reforms. 1:30:00 John Potter: Today we have the same number of people in the postal service as we had in 1991. But since 1991, the number of possible deliveries we have, the number of households and businesses that we've served, has gone up 15.4 million. So every day, six days a week, we're at 15.4 million additional doors than we were in 1991. And we have some 33 billion more pieces of mail. 1:50:35 John Potter: There is a process today to pay down our debt, but there's some $12 billion that we may have by the end of this fiscal year. It's built into the rate process. It's prior year loss recovery. Today, there is no vehicle to consider the health benefit liabilities, or the retirement obligations as part of the rate setting process. So, the vehicles that are available to us today are basically to cut our costs. Hearing: Main Street Lending Program, CONGRESSIONAL OVERSIGHT COMMISSION, April 5, 2002 Speaker: John Potter - Postmaster General Transcript: 13:30 John Potter: For some people, the preferred model is privatization. But this group, the notion of equitable service is not relevant. The simple straightforward answer goes back to what our stakeholders, the people, we reached out to told us. Overwhelmingly, they told us, there was no support for privatizing the nation's mail service. A privatized model would focus on profit. The results might be delivery standards and prices dictated by where a person lives, or where a business is located. Metropolitan areas where volume is greater, would receive better or cheaper service than a rural community. The privilege might stand to benefit from privatization, but not everyday people. It might be fine for a lawyer in Los Angeles, but not for the sales clerk in Omaha. Let me be very clear on this point. Do not, do not intend to recommend that the Postal Service be privatized. I do not believe that the American people want a privatized mail delivery system in this country today. People speak of digital divide, we don't need a delivery divide. 16:15 John Potter: Commercial government enterprise. This is our recommended model, the one we believe would put the postal service on a more businesslike footing, while keeping it dedicated to its mission of universal service. But it's also a model that is markedly different from what we have today. For example, instead of breaking even, our financial goal would be to generate reasonable returns. Earnings would finance capital projects, instead of having to resort to increasing our debt load. Retained earnings would carry us through tough economic times, instead of always resorting to rate increases. In addition, this model will allow us to leverage our vast retail and delivery assets to develop new revenue streams. Our 38,000 retail offices, and our national door to door delivery networks could be made available to private enterprise as a joint profit making venture. As a commercialized government enterprise, we could introduce flexible pricing. Prices for postal products would still be subject to regulatory review. But we would have the flexibility to adjust prices based on market demand. Next, as a labor intensive organization, with 75% of our operating expenses going to labor, this business model will allow us to explore a more progressive way to make collective bargaining work for all parties. Finally, this model will give us the needed flexibility to increase access and convenience to our customers. We will be able to add more locations with long arounds management without the flexibility to close a number of non performing retail outlets and we will be able to invest in new facilities and services. And enter into alliances and ventures with related private sector companies after due diligence was completed. Essentially, this commercialized Postal Service will give us the management tools that are available to private corporations to improve service to our customers manage costs more efficiently, and leverage our assets to generate new revenue opportunities. Cover Art Design by Only Child Imaginations Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio)
In the middle of a historically intense week, Jen records this bonus “thank you” episode to thank Congressional Dish producers and rant about the state of the country. Topics include fires, murders, riots, strikes, COVID, and a surprisingly intense hurricane. It’s a very 2020 episode. Please Support Congressional Dish – Quick Links Click here to contribute monthly or a lump sum via PayPal Click here to support Congressional Dish for each episode via Patreon Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank’s online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536 Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Recommended Episodes CD189: "First Step" Prison Reform, Listen on Spotify Articles/Documents Article: Amazon CEO Jeff Bezos is now worth more than $200 billion. Protesters built him a guillotine. By Josh Rivera, USA TODAY, August 27, 2020 Article: Why A Strike For Racial Justice Started With The Milwaukee Bucks And The NBA By Neil Paine and Chris Herring, FiveThirtyEight, August 27, 2020 Article: Wisconsin store owner weeps after 40-year business is burned down during Kenosha riots By Bryan Brammer, Disrn, August 27, 2020 Article: Penal firefighters are battling California fires. Once released, they can't fight fires full time. By Dario Gurrola, NBC News, August 27, 2020 Article: Fauci says he was in surgery when task force discussed CDC testing guidelines By Jeremy Diamond, Kristen Holmes and Dr. Sanjay Gupta, CNN, August 27, 2020 Article: Hurricane Laura Comes Ashore Threatening 'Unsurvivable' Storm Surge By Samantha Raphelson and Rachel Treisman, npr, August 26, 2020 Article: After online warnings, armed civilians bring threat of violence to protests in Kenosha and elsewhere By Joshua Partlow, Isaac Stanley-Becker and Mark Guarino, The Washington Post, August 26, 2020 Article: My cousin had has as an inmate. But the system failed him. The Washington Post, August 26, 2020 Article: 4 indicted for fire that totaled Minneapolis police station By Kristina Peterson, MPR News The Associated Press, August 25, 2020 Article: House Lawmaker González Tests Positive for Covid-19 By Kristina Peterson, The Wall Street Journal, August 25, 2020 Article: Coronavirus Limits California's Efforts to Fight Fires With Prison Labor By Thomas Fuller, The New York Times, August 22, 2020 Article: Sen. Bill Cassidy tests positive for coronavirus By Andrew Desiderio, Politico, August 20, 2020 Article: Senate breaks for August recess with no coronavirus deal in sight By Niels Lesniewski, Roll Call, August 13, 2020 Article: California severely short on firefighting crews after COVID-19 lockdown at prison camps By Ryan Sabalow, The Sacremento Bee, July 4, 2020 Article: Arrest in Atlanta Wendy’s fire spurs calls for suspect’s release By Alexis Stevens, The Atlanta Journal-Constitution, June 24, 2020 Article: Amazon’s Workers Fight for Basics as Bezos Heads to Trillionaire Status By Kori Kanayama, Non Profit Quarterly, May 27, 2020 Article: Revealed: Amazon told workers paid sick leave law doesn't cover warehouses This article is more than 3 mo By Sam Levin, The Guardian, May 7, 2020 Document: Annual Report 2020 for Calendar Year 2019 By Steven Mnuchin, U.S. Office of Government Ethics, November, 2019 Article: Hurricane Michael upgraded to a Category 5 at time of U.S. landfall By Dennis Feltgen, National Oceanic and Atmospheric Administration, April 19, 2019 Article: An Up-Close Look at America’s Evolving Militia Movement By Jen Osborne, Vice, February 21, 2019 Article: Why Some Amazon Workers Are Fuming About Their Raise By Karen Weise, The New York Times, October 9, 2018 Article: Jeff Bezos will still make the annual salary of his lowest-paid employees every 11.5 seconds By Simone Stolzoff, Quartz at Work, October 2, 2018 Article: Jeff Bezos made 1.2 million times the median Amazon employee in 2017 By Ainsley Harris, Fast Company, April 19, 2018 Resources News Footage: Second video of Jacob Blake's shooting surfaces CNN, August 27, 2020 News Footage: WATCH: Older Kenosha Business Owner Attacked on Video in Wisconsin By Jessica McBride, heavy., August 27, 2020 YouTube Video: Kenosha- Police Thanking Militia & Giving them Bottled Water (including kyle) Ashley Walker 3, Uploaded August 27, 2020 YouTube Video: Black Lives Matter and the counter-protest by 'patriot' militia groups | DW News DW News, Uploaded August 26, 2020 YouTube Video: Why Did the Police Shoot Jacob Blake? | The Daily Social Distancing Show The Daily Show with Trevor Noah, Uploaded August 26, 2020 YouTube Video: Kenosha shooting - shooter shown with hands up in the street. KSDK News, Uploaded August 26, 2020 YouTube Video: Kenosha Wisconsin Shooting 08/25/20 Riots Black Lives Matter ANTIFA Militia Media Buster, Uploaded August 26, 2020 News Footage: Viral videos show protesters demanding DC restaurant patrons raise fists in solidarity By Joseph Guzman, The Hill, August 25, 2020 News Footage: Local business owners find livelihoods smashed following second night of Kenosha unrest By Ryan Jenkins, WTMJ-TV Milwaukee, August 25, 2020 YouTube Video: RAW VIDEO: Jacob Blake police shooting KARE 11, Uploaded August 24, 2020 YouTube Video: Hurricane Michael Documentary "The Forgotten Category Five" StormChasingVideo, Uploaded November 29, 2019 ________ Producer Recommendations Book: Children of the Broken Moon By M. Andrew Jones, Lulu, Published January 1, 2020 The Chimera Cycle By M. Andrew Jones Cover Art Design by Only Child Imaginations Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio)
COVID still rages, CARES Act provisions have expired, and Congress is on another vacation. In this episode, by piecing together information discovered in six CARES Act oversight hearings, find out what problems weren’t solved by the CARES Act, what happened to the CARES Act money, and get an idea of what is possible in the next COVID relief bill... If there is one. Please Support Congressional Dish – Quick Links Click here to contribute monthly or a lump sum via PayPal Click here to support Congressional Dish via Patreon (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank’s online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536 Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Recommended Episodes CD213: CARES Act - The Trillions for COVID-19 Law, Listen on Spotify CD201: WTF is the Federal Reserve?, Listen on Spotify Bills H.R. 266: Paycheck Protection Program and Health Care Enhancement Act Signed April 24, 2020. Doubled the Paycheck Protection Program H.R. 7010: Paycheck Protection Program Flexibility Act of 2020 Books Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream By Aaron Glantz, October 15, 2019 Articles/Documents Article: Unsanitized: The Fed Can Still Save State and Local Governments By David Dayen, The American Prospect, August 13, 2020 Article: Commercial Properties’ Ability to Repay Mortgages Was Overstated, Study Finds By Cezary Podkul, The Wall Street Journal, August 11, 2020 Article: Unsanitized: Trump Orders Up a Poor Substitute for COVID Relief By David Dayen, The American Prospect, August 10, 2020 Article: California vows to fix coronavirus reporting system amid huge backlog of unreported tests By Taryn Luna, Los Angeles Times, August 7, 2020 Article: Tax Reform Act of 1986 By Julia Kagan, Investopedia, July 31, 2020 Article: COVID-19 Hospital Data System That Bypasses CDC Plagued By Delays, Inaccuracies By Pien Huang and Selena Simmons-Duffin, npr, July 31, 2020 Article: PPP was intended to keep employees on the payroll. Workers at some big companies have yet to be rehired. By Peter Whoriskey, The Washington Post, July 27, 2020 Article: Nancy Pelosi’s election challenger says she’s not progressive enough. She’s ignoring him By Joe Garofoli, San Francisco Chronicle, July 14, 2020 Article: The PPP worked how it was supposed to. That’s the problem. By Emily Stewart, recode, July 13, 2020 Article: States need money. The Fed has it. Politics may be an obstacle By Jim Saksa, Roll Call, June 26, 2020 Article: “The Fed Is the Huge Babysitter in the Room”: How the Federal Reserve Enabled a Coronavirus Junk Bond Boom By Jessica Camille Aguirre, Vanity Fair, June 26, 2020 Article: USA: Ex-employee sues Amazon for alleged wrongful termination related to protesting lack of coronavirus safety measures By Monica Nickelsburg, Geek Wire, Business & Human Rights Resource Centre, May 20, 2020 Article: Amazon reportedly says California's expanded coronavirus sick leave policy doesn't cover its warehouse workers By Isaac Scher, Business Insider, May 20, 2020 Article: Fed Makes Initial Purchases in Its First Corporate Debt Buying Program By Jeanna Smialek, The New York Times, May 12, 2020 Article: Walmart workers will call out of work, use tracker to protect themselves from COVID-19 By Charisse Jones, USA Today, April 29, 2020 Article: Sen. Loeffler, CEO husband reportedly made options trades often used as hedges against volatility By Thomas Franck, CNBC, April 3, 2020 Article: NANCY PELOSI TO RECEIVE FIRST GENUINE LEFT-WING CHALLENGE IN 30 YEARS By Lee Fang, The Intercept, March 4, 2020 Article: Voices CECL standard expected to make a major impact By Jonathan Jacobs, Jennifer Press, John Schrader, Accounting Today, November 12, 2019 Article: Everything’s Fine Until Suddenly it Isn’t: How a “Leveraged Loan” Blows Up by Yves Smith, naked capitalism, July 18, 2019 Article: Dianne Feinstein’s Billionaire Husband and His Love Affair With Israel by Judy Maltz, Haaretz, June 19, 2019 Article: DID STEVEN MNUCHIN HELP HIS COLLEGE ROOMMATE STEAL $2 BILLION? by Bess Levin, Vanity Fair, May 23, 2019 Article: Sears sues Mnuchin alongside former CEO for alleged multibillion-dollar theft by Victoria Guida, Politico, April 18, 2019 Article: Private Equity Takes Fire as Some Retailers Struggle by Lillian Rizzo, The Wall Street Journal, July 30, 2017 Article: Blum and Doom by Peter Byrne, Bohemian, February 8, 2017 Article: TREASURY PICK STEVE MNUCHIN DENIES IT, BUT VICTIMS DESCRIBE HIS BANK AS A FORECLOSURE MACHINE by David Dayen, The Intercept, January 19, 2017 Article: “FORECLOSURE KING” STEVEN MNUCHIN DOESN’T APPRECIATE HIS TOTALLY ACCURATE NICKNAME by Bess Levin, Vanity Fair, January 18, 2017 Article: TREASURY NOMINEE STEVE MNUCHIN’S BANK ACCUSED OF “WIDESPREAD MISCONDUCT” IN LEAKED MEMO by David Dayen, The Intercept, January 3, 2017 Article: The Greatest Threat to Campus Free Speech is Coming From Dianne Feinstein and her Military-Contractor Husband by Glenn Greenwald, The Intercept, September 25, 2015 Article: GOVERNMENT SAYS COMPANY PART-OWNED BY FEINSTEIN’S HUSBAND ABUSES POST OFFICE CONTRACT by David Dayen, The Intercept, May 5, 2015 Article: Judge Cancels $525K in Mortgage Debt, Blasts Bank’s ‘Shocking and Repulsive’ Acts by DEBRA CASSENS WEISS, ABA Journal, November 30, 2009 Additional Resources Report: Paycheck Protection Program (PPP) Report, Small Business Administration, 2020 Homepage: Shahid Buttar for Congress CA-12, 2020 Sound Clip Sources Hearing: Main Street Lending Program, CONGRESSIONAL OVERSIGHT COMMISSION, August 7, 2020 Watch on YouTube Witnesess: Eric Rosengren - President and Chief Executive Officer of the Federal Reserve Bank of Boston Gwen Mills - Secretary Treasurer of Unite Here Lauren Anderson - Senior Vice President & Associate General Counsel of the Bank Policy Institute Transcript: 03:20 Bharat Ramamurti: Four months ago, Congress gave the Treasury Department half a trillion dollars to stabilize the economy. The Treasury quickly pledged 75 billion of those dollars to the Federal Reserve's Main Street lending program for small and mid sized companies. After taking three months to set up the program, the Fed has now been operating it for about a month. In that time, it has supported only 18 loans for a total of $104 million. That is 0.017% of the $600 billion lending capacity that the Fed touted for the program in April. 10:20 Eric Rosengren: Main Street program is designed to facilitate lending to small and medium sized businesses and nonprofits that have suffered disruptions and provides credit support for entities that have temporary cash flow problems due to the pandemic, and that given the uncertain outlook may have difficulty obtaining credit. It can provide a bridge as loans have no interest or principal payments in the first year and no principal payments until year three. 11:15 Eric Rosengren: Mainstreet relies on lenders to underwrite loans and keep skin in the game by banks retaining 5% of the loan. 16:07 Eric Rosengren: This facility is very different than some of the other traditional kinds of facilities that central banks operate during a time of crisis. So most of our facilities operate through markets, market securities, you can purchase them very easily through the market. They clear usually in a couple days depending on the security. So it's relatively easy to quickly purchase a large number of securities and hold those securities over time. This facility is a facility we didn't have during the financial crisis, and really tries to get to a different segment of the population, which is those businesses that are bigger than the PPP program was designed for and smaller than what the corporate facilities are designed for. 22:05 Bharat Ramamurti: This program has been a failure, and the basic reason for that is that the Fed can only offer loans. The data show that companies, even distressed companies aren't looking for loans. 24:17 Bharat Ramamurti: By law, the Fed can only support loans and more loans are not the answer here for most companies. And this is a giant hole in our economic response to the crisis. Congress helps small businesses through the PPP, Congress help large companies that are big enough to issue bonds by empowering the Fed to purchase corporate bonds and reduce the cost of borrowing. But the only thing that the government has offered all these companies in between is the Main Street program and it's just not working. And these mid sized companies employ 45 million people and represent a third of private sector GDP. So look, I don't think continuing to tweak this program is going to work. I think Congress needs to act to provide direct support to mid sized firms and for that money to come with real strings attached to the money that benefits working people. Thank you, Mr. Chairman. 45:45 Bharat Ramamurti: The first version of the Mainstreet program required companies to say in writing that they needed the loan quote, due to the exigent circumstances presented by the covid 19 pandemic. Advocates for the oil and gas industry pushed to eliminate that requirement, presumably because many oil and gas firms were struggling before COVID and couldn't satisfy the requirement. And again in the final version, the Fed eliminated that requirement. President Rosengren again, out of the more than 2000 public comments that the Fed received, are you aware of a single one outside the oil and gas industry that requested that the Fed remove this important requirement? Eric Rosengren: In the discussions I've been involved in, we do not discuss specific industries, we discuss how we can provide a broad based financing scheme. Bharat Ramamurti: Okay. Again, I appreciate that. But again, I reviewed the public comments and there wasn't a single one that requested this change, only the oil and gas lobby had requested. 47:25 Bharat Ramamurti: It's not supposed to be changing the rules of these programs so that the President's favorite companies can get access to billions of dollars in public money. In fact, it is illegal for the Fed to structure these lending programs to help specific companies avoid bankruptcy. I urge this commission to further investigate this issue, including by requesting all communications on this topic between the Fed and the Energy Secretary, the Treasury Secretary and any representatives of the oil and gas industry. 1:13:40 Gwen Mills: My name is Gwen Mills. I'm Secretary Treasurer of the hospitality union, Unite Here. Well, I will focus on our members experiences. The recommendations I make are supported by the AFLCIO representing 55 National unions and 12 million workers. Our 300,000 members work primarily in hotel, casino, food service and airline catering industries, all sectors that are heavily dependent upon travel and tourism, before the cares act became law 90% of our members were laid off. Today, 85% remain unemployed. 1:14:40 Gwen Mills: At the heart is the question of requiring employers to maintain employment as a condition of federal assistance. The Main Street lending program requires only commercially reasonable efforts to maintain employees in spite of clear congressional intent. Treasury and the Federal Reserve said they will not enforce even that. 1:15:03 Gwen Mills: We've seen how powerful lobbyists transform the paycheck protection and payroll support programs into subsidies for real estate investors. We've identified 200 outlets where we have members that received PPP loans, and they haven't protected paychecks or healthcare. One company, Omni hotels, received 34 PPP loans worth at least $53 million. Meanwhile, Omni hotels in Boston, Providence and New Haven were shut down in March and is unclear when they will reopen. In Providence, the company then cut off medical benefits in violation of their union agreement. There are many similar stories, what they reveal is how a powerful industry turned to program designed to keep workers on payroll into one that could keep hotel owners current on their mortgages. 1:16:45 Gwen Mills: Lobbyists claim if the Fed doesn't rescue CMBS borrowers hotels will default and workers won't have jobs to come back to. But that is not our experience. And this isn't the first time hotel owners got themselves in trouble using these inflexible loans. After the financial crisis, there were scores of defaults across the country. But defaults and foreclosures didn't lead to closed hotels. Hotel workers who were used to seeing absentee owners come and go understand that jobs are driven by occupancy and only ending the pandemic can fix that. 1:18:05 Gwen Mills: Program designers at the Fed take the CARES Act mandate to heart. What if credit terms were loosened, so long as, and here's the important part, so long as there were airtight requirements, not incentives, not recommendations, but requirements that recipients keep workers on payroll, and is what the PPP could have done if it hadn't been hijacked by the real estate industry. 1:26:10 Bharat Ramamurti: In your experience and the experience of your members, does providing financial support to businesses help workers without express and enforceable requirements, that businesses actually use that aid to support workers. Gwen Mills: No. Time and again, in many different programs, without enforceable requirements, support to businesses doesn't help workers. Bharat Ramamurti: So of the $500 billion that Congress gave to the Treasury, in the CARES Act in March, there's currently more than $200 billion sitting unused and uncommitted. If you were to use that money to develop a program that would be most helpful to your members, what would you do with it? Gwen Mills: The two things that matter are healthcare and wages. So we would fund Cobra payments so that we could continue health care and then give direct support to workers. Bharat Ramamurti: And thank you. And one final question about this. Did the Treasury Department ever reach out to your union as it was designing this lending program that was ostensibly about helping workers? Gwen Mills: No. 1:28:45 Gwen Mills: Our great concern about the Main Street lending program is that the hotel industry is seeking changes so that they can use the program to pay their CMBS mortgages. 1:30:30 Rep. Donna Shalala (FL): The main street lending program, banks employ their own underwriting standards to loan applications. Does that mean that banks are making loans under the program that they would have made any way absent the Fed program? And if so, is the mainstream lending program providing any benefit to borrowers at all? Lauren Anderson: Thank you for your question. In terms of the loans that are being made, I think they're quite specific in terms of the circumstances because you're absolutely right, a borrower who can meet a bank's basic underwriting standards is typically finding out that there is a product that is more suited to them, given their credit needs, so for example, maybe a term loan really is not what they need, and they really need something more like a flexible working capital facility. So our banks are actually, many times finding better solutions for these borrowers when they inquire about the program. 1:44:15 Rep. French Hill (AR): Owners of CMBS securities are mostly pension funds and people's retirement accounts. And so they're all benefited by trying to get capital into the industry and get people hired back and reopened. 1:48:40 Bharat Ramamurti: I think just to sum up quickly, I think we've actually seen a remarkable consensus emerge at this hearing, which is that the main street program as is currently designed is failing. And the representative of the banking industry told us that we aren't seeing meaningful demand for loans right now from their clients. The representative of small and mid sized businesses told us that the program wouldn't help his members as is currently designed, and Miss Mills representing hundreds of thousands of workers told us that the main street program hasn't helped a single worker and isn't likely to. I don't question the hard work of President Rosengren and the Fed staff, but more loans are not going to solve this crisis. Struggling small and mid sized companies can't take on more debt right now. So the only tool in the Feds belt is the wrong one. This program was given $75 billion and months to succeed. It didn't and it can't. It's time to stop tinkering around the edges with adjustments to loan eligibility and loan terms when the fundamental problem is with the nature of the loans themselves. It's time for Congress to step back in so that we can actually save small and mid sized businesses and when it does needs to tie the assistance to meaningful enforceable protections for workers and not just hand money to executives and trust them to take care of workers interests. Thank you Mr. Chair. 1:50:45 Gwen Mills: The extension of the the wages that the congressman mentioned has been appreciated, although it is now ending. That is problematic. But there has not been an extension of healthcare, so and even in a case where we have some healthcare negotiated companies like the fountain blue gun, are not abiding by that. Interview: Trump: Coronavirus is "under control", Axios, HBO, August 4, 2020 Hearing: Oversight of the Small Business Administration and Department of Treasury Pandemic Programs, House Committee on Small Business, July 17, 2020 Watch on YouTube Witnesess: Steven Mnuchin - Treasury Secretary Transcript: 41:25 Steven Mnuchin: I think this time we need to have a revenue test and make sure that money is going to businesses that have significant revenue declines. 1:07:35 Steven Mnuchin: If there were financial conditions that states had coming into this, it's not the federal government's role to bail them out of that. Now we have through Main Street, excuse me through the Fed facilities, we have provided lending facilities to the states and municipalities. But the issue of taxing authority... The federal government has taxing authority and the states have taxing authority. So where there are lost revenues, I think there is a fairness issue of how those get allocated across the country. Hearing: Protecting Homeowners During the Pandemic: Oversight of Mortgage Servicers’ Implementation of the CARES Act, House Committee on Financial Services: Subcommittee on Oversight and Investigations, July 16, 2020 Watch on YouTube Witnesess: Marcia Griffin - Founder and President of Homefree-USA Donnell Williams - President, National Association of Real Estate Brokers Alys Cohen - Staff Attorney, National Consumer Law Center Transcript: 25:55 Marcia Griffin: Tons of counselors assist homeowners who are improperly denied a forbearance. We have. We have seen a troubling concentration of this issue with veteran loans. We're also seeing homeowners who may have recently completed a loan application they've also been denied a borrowers who have just missed a payment in March or February, they've also been denied. 26:35 Marcia Griffin: There is a frustratingly large number of homeowners who are unemployed but are still being told that lump sum payments are due at the end of the forbearance. 43:45 Donnell Williams: You also need to have data collection. Services need to supply this information, this data to the CFPB and to Congress. I just had a borrower in Irvington, New Jersey, another one in Orange Township, New Jersey, tell me that their servicemen, like Congressman Green, say that they only gave them three months and that the whole balance will be due in 90 days. Marcia Griffin: Well, let me stop you, do you think we should have penalties for some servicers who violate the law that we have in the Heroes Act and would require a lump sum payments like that? Donnell Williams: I do believe so. Because they're roadblocking, they're stopping, clogging it up so that we can have progress. 51:30 Alys Cohen: Well, in terms of the complaints that you're hearing, we do have some good protections in the cares Act and the federal regulators really need to step up their game and do much greater oversight of the servicers. In terms of the CFPB, they appear to spend most of their time relaxing regulations for servicers and providing advice for homeowners. So homeowners need our protection. 1:04:35 Alys Cohen: What we've saw in the last crisis and what we continue to see is that as you said, Mr. Lynch, servicers on private mortgages are beholden to the guidelines from the investors. And so what we'd like to see is a safe harbor for mortgage servicers from investor liability, so that they can provide loan modifications along the lines that the GSCs and FHA and the other government agencies can provide. Hearing: Promoting Economic Recovery: Examining Capital Markets and Worker Protections in the COVID-19 Era, House Committee on Financial Services, Subcommittee on Investor Protection, Entrepreneurship and Capital Markets, July 14, 2020 Watch on YouTube Witnesess: Dr. William Spriggs - Chief Economist at the AFL-CIO and Professor of Economics at Howard University Neil Bradley - Executive Vice President and Chief of Policy Officer at the US Chamber of Commerce Transcript: 38:45 Dr. William Spriggs: Workers do not have the sense that they have sick leave or the assurance that their employers will support them if they are sick. We see a very frightening share of women who show up to work and report that they have symptoms because they fear losing their job. 40:10 Dr. William Spriggs: It is vital for Congress to monitor money given to corporations under COVID, to make sure that workers are safe, that they will not face retaliation if they complain about safety, that they have sick leave so that they can report illness and stay home and not infect other workers. This is vital for the economy. It's vital to be prudent about the money that we are sending to these companies. We're not going to win this economic war until we win the war against the disease. 46:40 Rep. Brad Sherman (CA): I do want to comment about the importance of sick leave. We should be providing sick leave so people can stay home if they're sick, kids are sick. That's critical to getting this disease under control. We cannot limit that requirement only to those employers who feel generous. We can't limit it to only to those employers who are between 50 employees and 500 employees, as presently as now. And while we should require it of those who get money pursuant to these facilities, it auto glide all employers even those that are not borrowing from the federal government. 54:55 Neil Bradley: With respect to individuals, the $600 was implemented because of the need for speed. We know as a general principle, you should not pay more for someone to not work and you pay them to work that creates distortions in the labor market. President Obama's head of the Council of Economic Advisers is former NSC director has joined on a bipartisan basis with officials from the Bush administration suggesting a much better approach, one we endorse it the US Chamber to target unemployment benefits much more closely to what an individual earned when they were working. It shouldn't be true that you earn more but you also shouldn't earn substantially less. 2:11:25 Rep. Alexandria Ocasio-Cortez: As an investor when you invest in a riskier venture, would it be fair to say that an investor investing in that risky venture would be compensated with a higher return of risk? Because of the risk associated with that financial instrument correctly? Dr. Camille Bussett: Generally, that is that is correct. Rep. Alexandria Ocasio-Cortez: And now, is that same kind of compensation true for workers, in that are workers that are risking their lives, in meatpacking grocery stores, are there are they being paid? What is their compensation look like? Or do you see hazard pay, which is supposed to be a form of compensation for risk, a norm in your view. Dr. Camille Bussett: So low wage workers particularly they said work in the US industries that you mentioned and thank you for the question. Congress, woman Ocasio-Cortez are consistently paid very low wages for these kinds of essential jobs that put meat, poultry and vegetables on our table. That has not changed during the pandemic Rep. Alexandria Ocasio-Cortez: And so in your assessment, hazard pay is not the norm. Dr. Camille Bussett: Hazard pay is not the norm. There have been some corporations which have added some hazard pay and then have since the economy has started to reopen, and various states have rescinded that. Rep. Alexandria Ocasio-Cortez: So, really compensation for risk. It's not that all people in our economy are compensated for risk just that a certain narrow class is compensated for risk of capital but not necessarily risk of life. Hearing: Oversight of the Treasury Department's and Federal Reserve's Pandemic Response, House Committee on Financial Services, June 30, 2020 Watch on YouTube Witnesess: Steven Mnuchin, Treasury Secretary Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System Transcript: 21:20 Steven Mnuchin: The cares act also granted Treasury the authority to provide 454 billion to support Federal Reserve lending facilities under Section 13-3. Since March 17, using funds available, I have approved a number of Federal Reserve programs. The commercial paper program, primary dealer program, the money market mutual program, the primary market corporate credit facility, the secondary facility, the main street facility, municipal facility and the PPP lending facility. We've committed approximately 200 billion and to support these the announcements of these programs have helped unlock markets and promote much needed access to liquidity. We have over 250 billion remaining to create or expand programs as needed. 25:40 Jerome Powell: After lowering the federal funds rate to essentially zero. Our actions so far fall into four categories, stabilizing Treasury and agency MBS markets, money market and liquidity, liquidity and funding measures, direct efforts to support the flow of credit in the economy and targeted regulatory measures to support those efforts. 26:10 Jerome Powell: Without access to credit, families could be forced to cut back on necessities or even lose their homes. Businesses could be forced to downsize or close resulting in further losses of jobs and incomes and worsening the downturn. 37:35 Rep. Carolyn B. Maloney (NY): Secretary Mnuchin, I'd like to ask you about a very troubling oversight issue. As you know, I'm the Chair now of the Oversight Committee and I take these matters very seriously, and I hope that you do too. In the CARES Act, we created the Pandemic Response Accountability Committee, or PRAC, which is a committee of independent inspectors general that is charged with overseeing all of the money spent in the CARES Act, and identifying waste, fraud and abuse. Last month, the General Counsel's Office in Treasury issued a legal opinion that questioned PRAC's authority to oversee trillions of dollars of CARES Act spending. To put it bluntly, this legal analysis is so bad that it borders on bad faith. The opinion claimed that no evidence that Congress did not intend for the PRAC to have oversight authority over anything and the first half of the CARES Act, including the PPP program, and any of the fed's lending facilities are the 150 billion in funding for state and local governments. So I would say Secretary Mnuchin, that this interpretation is wrong, that it is just plain wrong. Senator Gary Peters and I proposed and authored this section of the law, the PRAC Act, and I was heavily involved in negotiating those provisions in the CARES Act. And I'm telling you that Congress's intent was for the PRAC to oversee all of the spending in the CARES Act, not just one half of the CARES Act, but all of it. That was our intent. And that was what the bill said explicitly. The interpretation from your general counsel's office is already causing problems, because it's hindering the practability to monitor how the states are spending their cares act money. So now Secretary Mnuchin, I would say that we have worked very productively together and in good faith negotiations on the Beneficial Ownership bill and, and other bills before Congress. So I hope that you'll take my concerns about this erroneous legal opinion seriously. And so this is what I would like to ask today. I'd like you to commit to interpreting this section of the CARES Act as Congress intended, with the PRAC's oversight authorities applying to all of the cares act spending. I think this is a small step, but a very important one that you can take to show that you're serious about the oversight of the trillions of dollars in the CARES Act. Steven Mnuchin: Well, thank you. And I appreciate your comments. And I assure you, we are very much committed to working with the Oversight Committees on transparency. Now, as it relates to this, I can assure you it was not in bad faith. I'm happy to have our office follow up with you. It has to do with a technical issue of recipients reporting as it relates to the issue of monitoring state spending, I'm more than happy to put the PRAC in touch with our Inspector General, who has primary oversight and make sure that whatever information specifically the PRAC wants on the states that we accommodate. Rep. Carolyn B. Maloney (NY): Well, I would say that that's not what I'm asking. What I'm asking is will you commit to interpreting the PRAC's oversight authorities as applying to all of the Cares Act spending? That was our intent, I wrote that section of the law, that was what Congress wanted. There's no problem with the interpretation it's very clear and explicit, will you commit to allowing the oversight that was in the bill. Steven Mnuchin: I appreciate you wrote that portion. I would also say I appreciate I had very direct discussions with people in the Senate about various different oversight. That's why we agreed to a new Oversight Committee. With full transparency, we agreed to provide information that was not required under 13-3. So we have full transparency. And again, I'm happy to follow up with you on the specific concerns as to which different entities should receive what information. I think it's important that there is not bureaucratic overlap. But again, let me emphasize if the PRAC needs certain information, we will try to do what we can to accommodate it. Rep. Carolyn B. Maloney (NY): Well, I'm very disappointed with that answer, and I guess we'll have to pursue a legislative solution. It was very clear the intent of Congress is that PRAC would have oversight of all of the cares spending. I yield back. 56:55 Rep. Brad Sherman (CA): Chairman Powell, back on March 12, I sent you a letter urging that you prohibit stock buybacks by the banks you have done so. Thank you very much. 58:00 Rep. Brad Sherman (CA): One issue, Chairman Powell, for the main street lending program that is particularly relevant to commercial real estate, is that if they get a loan from you, they violate the loan covenants that they have in their existing mortgage. I look forward to working with you on that. One possible solution is the bill that I submitted. And we've had hearings on in this committee, the Business Borrowers Protection Act. Certainly getting a loan on a program that we've offered authorized because of the COVID crisis should not trigger the and make it a pre-existing mortgage immediately due and payable. 1:03:30 Jerome Powell: We are not looking for additional authority under 13-3. Our authority is of course to lend to solvent institutions and in programs of broad applicability and any company in any sector that meets those tests can can borrow one of our facilities. 1:04:10 Rep. Bill Posey (FL): Some of our businesses, including again the hotels, are warning that their inability to make payments is threatening the servicing of commercial backed securities. And I just wonder if you can bring us up to date on the status of the CMBS market? Steven Mnuchin: Well, as I just mentioned, one of the problems of the CMBS market is that there are very strict contractual obligations. And that's why one of the things I do think we need to look at in the next CARES Act is additional funding for these industries that are the hardest hit. 1:07:00 Steven Mnuchin: We have had inquiries about the issue of garnishment. And we agree from a policy standpoint that there should have been no garnishment. Unfortunately, that's something we need to address in the next CARES Act if we do additional direct payments, because there are certain state laws that were not overridden in the existing CARES Act. My understanding that's a state issue and not a federal issue. Rep. Wm. Lacy Clay (MO): But think about, think about the cruelty of the policy. Wouldn't you want to? Steven Mnuchin: As I said, I agree with you on the level. Rep. Wm. Lacy Clay (MO): Couldn't you all issue a blanket... Steven Mnuchin: We've asked our legal department to unfortunately we can't and that's one of the things we would want to fix in the next CARES Act. So we agree with you from the policy standpoint. 1:09:00 Rep. Wm. Lacy Clay (MO): Now under the main street lending program, you reduced the minimum loan threshold from 1 million to 250,000. And then by expanding the program to nonprofits with more than 50 employees, however many small businesses may not need 250,000. Mr. Chairman, has the Fed considered eliminating the minimum loan threshold all together? Jerome Powell: We have not considered eliminating it yet. Of course, we're just now getting rolling with loans, as you know, so we can once we get up and running, look at lowering it again, but you get into a very different kind of lending when you're down, lower. These are really personal loans rather than business loans. They're generally guaranteed by the business operator, and we could look at that but that would be something we'd look at once we get up and running. 1:11:40 Jerome Powell: The objective of everything we're doing everything. Every single thing we're doing is to take the 25 million people whose working lives have been disrupted and create a situation in which they have the best chance to go back to their old job or to get a new job. That includes all the facilities that we're doing. That's the overriding goal of what we're doing. 25:55 Rep. Blaine Luetkemeyer (MO): As you know, it's hard for me to let a hearing go without talking about CECL, so we're gonna try it one more time. In March of this year, the Federal Reserve and the FDIC and LCC issued an interim rule to delay for two years the estimated impact on regulatory capital CECL, followed by a three year phase in. In addition, the CARES Act included an option delay in CECL implementation until end 2020, or the end of the pandemic, which 25% of typical entities actually opted for. Part of the Treasury is also conducting study - What's the impact of CECL I hope? We were directed to do that. And most recently, my colleagues and I sent a bipartisan letter F stock urging for delay in CECL implementation for all entities until 2022. So that every entity, both banks and non banks, which were not included through the cares act on the same footing and Treasury can conduct this study with the input of a real life scenario that we have ongoing today. Given the actions by Congress and the potential regulators should we delay CECL as I and my colleagues have called for and should the Treasury examine the real life scenario we've gone through when conducting their study? Mr. Mnuchin? Steven Mnuchin: I think that should be seriously considered. And yes, we are working on the study. Rep. Blaine Luetkemeyer (MO): The President issued an executive order with regards to each agency going through and looking at all the rules, regulations, that were either waive declined, change, whatever, if they don't work now, should we continue them down the road when we get out of this mess. And so I assume everybody is doing that. And this would, this particular accounting principle would seem to fall in that area of we need to be looking at this as something down the road we need to get rid of in it's entirety, Mr. Chairman Powell, would you like to comment on this as well? Jerome Powell: I would agree. Okay. Thank you. Appreciate that. Because I think there's a time and place for rules, regulations or time in place that if nonfunctioning, we need to get rid of them and start over. 1:22:30 Rep. Bill Huizenga (MI): But what we do know is from looking at history, is we need to get the economy moving again. Now the question is, is how, whether it's getting kids back to school, as some have suggested, because if you can't get kids into school, that's not going to then free up those parents to be available to work. Anecdotally in my area, I know that manufacturers and service companies are having a very difficult time getting enough workers to come in to complete a full contingent, a line workers for example, or to get a full shift filled. There's various reasons some have debated about the $600 additional per week kicker as being a bit of a disincentive. But nonetheless, we know that we have to address those folks who really truly are not able to get a job and how do we distinguish from those that are just deciding not to take that job? One of the things that I have proposed is something called the Patriot bonus patriot bonus would be a 50% tax credit to any company that would give a per hour bump to their employees or a weekly bonus to their employees or even a one time bonus to their employees to incentivize them to come off of that unemployment insurance system and get back engaged in the workforce. And I think it's critical that we that we do that. 1:25:50 Rep. Bill Huizenga (MI): What do you want to tell them and the rest of Joe and Jane 401k that have their small investments in the markets that are there, frankly, to help them as they approach retirement? What assurances can we give them about the economy? Steven Mnuchin: Well, I want to tell them and all the other people that we are going to work with Congress to make sure we can do whatever we can do to get everybody back to work, who lost their job to COVID. And I'm also extremely optimistic about the research that is being done on vaccines and virals. And us combating this terrible disease. Thank you. 1:45:25 Steven Mnuchin: In many of these cases, these companies don't need more debt. They need support. So one of the things we will want to look at in the next CARES Act, as I said, is additional support for these hardest hit industries. As the Chair has said, there's a difference between lending and spending. 1:58:40 Rep. Ed Perlmutter (CO): And we also know that at the end of July, the pandemic unemployment insurance payments cease, as it's currently written. We know that a number of the moratorium on evictions and foreclosures begin to cease. And the eight weeks provided under the PPP, certainly for those initial takers of the loans start to run out. So I see a brick wall at the end of July. Hearing: Accountability in Crisis: GAO's Recommendations to Improve the Federal Coronavirus Response, House Committee on Oversight and Reform: Select Subcommittee on the Coronavirus Crisis, June 26, 2020 Watch on YouTube Witnesess: Gene Dodaro - Comptroller General at the Government Accountability Office Transcript: 56:40 Rep. Maxine Waters (CA): Tell me, how did it happen, that these hotels and these restaurants, were able to identify each of their installations under 500 people that they could get paid, get a loan for all of them. How did that happen? Gene Dodaro: My understanding of that is that that was a change that was made in the legislation at the last minute to allow them to be able to do that. That was part of the original legislation. My understanding...If I'm wrong, I'll provide a correction of the answer for the record, but that allowed that industry that applied if they had 500 people or less employees per location. Rep. Maxine Waters (CA): Did the SBA sign off on that? Gene Dodaro: Pardon me? Rep. Maxine Waters (CA): Did SBA sign off on that? Gene Dodaro: I don't know their involvement in the legislation. I'm sure the administration did if the President signed the bill. Rep. Maxine Waters (CA): Do you think that basically undermined what the PPP was supposed to be about?Gene Dodaro: Well, I wouldn't second guess the Congress and what it did and what, in the legislation that it passed. So, I mean, I was assuming it was part of congressional intent if it's in the legislation. 1:00:30 Rep. Blaine Luetkemeyer (MO): With the issue with regards to the stimulus checks going to people who shouldn't get them. You made a comment while ago about the social security's death master file. And it's something that you recommended, apparently for a number of years that we Congress have never done. In fact, the Trump administration has proposed in every single budget to give Treasury access to this, and we Congress have not done that. Is that roughly correct? Gene Dodaro: That's correct. And I know Treasury I've talked to Secretary Mnuchin about this and they... Rep. Blaine Luetkemeyer (MO): So this problem could have been eliminated, and alleviated if we Congress had done our job and allowed this to happen in previous years. Gene Dodaro: That's a reasonable hypothesis. Rep. Blaine Luetkemeyer (MO): Okay. Thank you very much for that. 1:27:45 Rep. Jaime Raskin (MD): Gene Dodaro: Rep. Jaime Raskin (MD): GAO also reported the Treasury and IRS sent nearly $1.4 billion in payments to 1.1 million dissidents, that is Americans who'd already died. And I'd also heard from some honest constituents who called up and said, we got this check for my wife or my husband who's no longer with us. IRS apparently was aware this was happening back in March, but didn't begin to correct it until months later. What's up with that? That's just shocking. How'd that happen? Gene Dodaro: Well, IRS is original determination was that the law required them to send a check to everybody who filed the return in 2018 or 19. And so they figured it would include those people. So they did it with foresight, that that's what they were supposed to do. Rep. Jaime Raskin (MD): Wow. Okay. Just let me pause you there, because that seems to contradict common sense. In other words, because we said that it should go to everyone who filed taxes, they thought you'd go to people who had died right who had filed taxes. All right. What is the law? Because some people were saying, should we cash this check? Why would the government sending it to us? Gene Dodaro: Right. Yeah, no, no, I agree. Rep. Jaime Raskin (MD): Well, what is the correct legal interpretation? Gene Dodaro: We believe Treasury's interpretation after that was that the intent was to help people who are affected by the situation which wouldn't include people who were deceased. So they stopped it at that point in time after IRS had made the first three payments. So we believe the correct interpretation now is they should not have been sent and our recommendation is to try to get as much of the money back as possible. Rep. Jaime Raskin (MD): Ok. And they've changed that policy of sending checks to people who have died? Gene Dodaro: That's correct. Video: Ticked Off Vic: A Message to the Government | VicDiBitetto.net, Vic Dibitetto, April 16, 2020 Executive Producer Recommendations Article: JAXA and Private Businesses are Co-Creating the Space Business By Yuta Kikuchi and Shinichi Takata, Japan Aerospace Exploration Agency Article: Touchdown! Japan space probe lands new robot on asteroid, Phys.Org, October 3, 2018 Article: The asteroid trillionaires By Andrew Glester, Physics World, June 11, 2018 Cover Art Design by Only Child Imaginations Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio)
In this bonus "thank you" episode, Jen shares a goodbye letter from Rep. John Lewis, updates the list of the COVID infected in Congress, and reads lots of excellent, information rich comments from the Congressional Dish producers. Please Support Congressional Dish – Quick Links Click here to contribute monthly or a lump sum via PayPal Click here to support Congressional Dish via Patreon (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank’s online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536 Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Recommended Episodes CD129: The Impeachment of John Koskinen Listen on Spotify CD159: Save the Post Office! Listen on Spotify  Articles/Documents Article: How The Coronavirus Has Affected Individual Members Of Congress By Claudia Grisales and Audrey Carlsen, npr, August 7, 2020 Article: The Unraveling of America By Wade Davis, Rolling Stone, August 6, 2020 Article: Rep. Rodney Davis diagnosed with Covid days after warning lawmakers about safety By Shia Kapos, Politico, August 5, 2020 Article: Arizona Congressman Gets Covid-19 After Attending Hearing With Gohmert, Slams Republicans For ‘Strutting Around the Capitol Without a Mask’ By Sarah Rumpf, Mediaite, August 1, 2020 Article: Together, You Can Redeem the Soul of Our Nation By John Lewis, The New York Times, July 30, 2020 Article: JUST IN: Rep. Louie Gohmert Reportedly Tests Positive For Covid-19 Day After Barr Hearing By KJ Edelman, Mediaite, July 29, 2020 Article: House orders broad mask mandates after Gohmert gets virus By Alan Fram and Mary Clare Jalonick, Associated Press, July 29, 2020 Article: Do US postal workers interfere with vote by mail elections in Washington State? By Glen Morgan, We the Governed, July 29, 2020 Article: More Trouble for Micron: China Unveils Its First Domestic DRAM Chip By Leo Sun, The Motley Fool, June 16, 2019 Article: US Accuses Chinese Company of Stealing Micron Trade Secrets By Adams Rogers, Wired, November 1, 2018 Article: ReMaking American Security By Brigadier General John Adams, US Army (Retired), Associated Press, May 13, 2013 Additional Resources Tweet: Louie Gohmert Statement, Twitter, July 29, 2020 Video: "Sellout" by Victoria Bruce - Rare Earths, Molten Salt Reactors and American Security @ TEAC8, Thorium Energy Alliance Conference #8, YouTube Video: National Security, Rare Earth Elements & The Thorium Problem, Thorium Energy Alliance Conference #8, YouTube Video: U.S. Rare Earth Import Reliance at 100% - Ned Mamula with Jim Kennedy intro @ TEAC8, Thorium Energy Alliance Conference #8, YouTube, August 22, 2017 Video: Magnequench & Rare Earth Permanent Magnets - Dr. John J. Croat @ TEAC8, Thorium Energy Alliance Conference #8, YouTube, August 21st, 2017 Video: Rare Earths, American Security and Trump's Administration - JJ Brown and General John Adams @ TEAC8, Thorium Energy Alliance Conference #8, YouTube, August 21, 2017 Video: Rare Earths, American Security and Trump's Administration - JJ Brown and General John Adams @ TEAC8, Thorium Energy Alliance Conference #8, YouTube, August 21, 2017 Webpage: DAVID S. DEAR - Audiobook Narrator - Voice Actor Journal: A Ninth World Journal Cover Art Design by Only Child Imaginations Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio)
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Creator Details

Episode Count
301
Podcast Count
48
Total Airtime
2 weeks, 1 day
PCID
Podchaser Creator ID logo 204076