8.17.20 What's happening with the post office?; Student loan executive order details + a new proposal for student loan forgiveness

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 17 August 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

There are some big issues with the postal service right now and it has led to a political firestorm in Washington. But Clark wants to discuss the reforms that are actually needed as the USPS has seen declines in the mail they deliver. It looks like federal student loans will continue to see payment and interest deferral for the rest of the year due to the President's executive order. There's also a new proposal to change the way income based repayment works which would create some much needed simplification. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's my pleasure to welcome you here to the Clark Howard Show where it's all about you
0:10.6	and that wall of yours.
0:12.3	I want you to learn ideas from me so you can keep more of what you have.
0:17.3	So there's a lot of fuss going on right now about the U.S. Postal Service and there
0:23.8	have been problems.
0:25.6	Some people are experiencing with their male delivery lots of reports about that around
0:31.2	the United States as we have a new postmaster general who very much objects to the way
0:37.6	the Postal Service has been run and as issued orders that require that male be delayed
0:46.2	rather than have postal carriers work any overtime or anything that might increase
0:53.2	costs.
0:54.6	In addition there's been a fight about funding for the Postal Service that is part of emergency
1:01.5	money because of coronavirus.
1:03.8	If you're not aware of the Postal Service has had a significant decline in the amount
1:09.5	of male trending right with everything that's been going on with the economy.
1:15.4	So the fight extends to an unfortunate statement the president made about wanting to starve
1:24.0	the Postal Service of money to make it difficult for people to have their ballots counted
1:29.2	if they voted by male.
1:31.2	And that set off a firestorm in political Washington.
1:35.2	But I want to step back from all of that.
1:38.2	What the Democrats are saying with the president said everything involving the Postal Service
1:44.1	and let's go down to where the issue is.
1:47.7	The Postal Service has been losing significant volume of male for years and is replacing
	...

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