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Postmaster General to suspend operational reforms

U.S. Postmaster General Louis DeJoy announced on Tuesday that he is pausing all USPS operational reforms until after the November presidential election. Yahoo Finance's Zack Guzman breaks down the details.

Video Transcript

- Before we go to break, I want to highlight some breaking news we have here from Reuters. US Postmaster General Louis DeJoy set to announce later today, according to Reuters, that he will suspend all operational reforms and initiatives that have sparked some drama there, as Democrats claim it was attempts here by the Trump administration to disenfranchise voters. That update that he will suspend operation-- operational reforms that they had been pushing until after the election.

According to a draft seen by Reuters, DeJoy will announce, quote, the changes are to avoid even the appearance of any impacts on election mail. That, again, according to a new report from Reuters. So that seemingly ending the drama that we've seen play out. Not sure what it will do to that Saturday vote that was planned here by Democrats to address the funding for the USPS. Of course, as we've noted, they have struggled on that front, with 13 consecutive annual net losses in the multi-billion dollar level. But again, an expected announcement from US Postmaster General Louis DeJoy there to put an end to the drama for the time being.