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New US postal chief confident agency will be able to preserve independence
New US postal chief confident agency will be able to preserve independence

Reuters

time17-07-2025

  • Business
  • Reuters

New US postal chief confident agency will be able to preserve independence

WASHINGTON, July 17 (Reuters) - New U.S. Postmaster General David Steiner told employees he is confident the Postal Service will be able to demonstrate it can operate successfully as an independent agency. "I am convinced that a strength of the Postal Service resides in our structure as a self-financing independent entity of the executive branch, functioning much like a business but with a public service mission" Steiner said in a message to employees.

EU Proposes Joint Borrowing to Finance €400 Billion Crisis Tool
EU Proposes Joint Borrowing to Finance €400 Billion Crisis Tool

Bloomberg

time17-07-2025

  • Business
  • Bloomberg

EU Proposes Joint Borrowing to Finance €400 Billion Crisis Tool

The €400 billion ($463 billion) crisis tool proposed by the European Commission on Wednesday would be financed using joint borrowing, according to people familiar with the matter. The European Union's executive branch's new budget instrument for the period 2028-2034 would provide loans to countries so they can react faster to adverse events, said the people, speaking on the condition on anonymity. Brussels told member states that it would borrow money on their behalf to raise money for the instrument, they said.

US court says Trump can remove Democrat from labor board, for now
US court says Trump can remove Democrat from labor board, for now

Yahoo

time03-07-2025

  • Politics
  • Yahoo

US court says Trump can remove Democrat from labor board, for now

By Daniel Wiessner (Reuters) -A U.S. appeals court on Thursday allowed President Donald Trumpto remove a Democratic member from a federal labor board while his administration appeals a ruling that said her firing was illegal and had reinstated her. A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit paused the lower court decision pending the appeal, saying a law shielding members of the Federal Labor Relations Authority from being removed at will likely violated Trump's broad powers to control the executive branch. U.S. District Judge Sparkle Sooknanan in Washington had ruled otherwise in March and ordered the reinstatement of Susan Tsui Grundmann, who had been fired by Trump a month earlier. The three-member FLRA, which was created by Congress to be independent from the White House, hears disputes between federal agencies and their employees' unions. It can order agencies to bargain with unions and in some cases prevent agencies from firing unionized workers.

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