Louis DeJoy Testimony: Live News and Updates

Louis DeJoy Testimony: Live News and Updates

Mr. DeJoy continues to hold $25 million to $50 million in XPO Logistics, a $16 billion transportation company where he served as the chief executive of its supply chain business until 2015 and was a board member until 2018. And he continues to earn millions of dollars more in rental payments from XPO through leasing agreements at buildings that he owns, according to his financial disclosure forms.

XPO assists the Postal Service during busy shipping periods, such as around the holidays, moving bulk shipments of packages from fulfillment centers and taking them to local Postal Service centers so mail carriers can deliver them to residences.

In a separate potential conflict of interest, Mr. DeJoy owned between $100,000 and $250,000 in Amazon stock when he joined the administration. But when he divested himself of that stock in June, after he became the postmaster general, he bought a new financial stake in the company, investing between $50,000 and $100,000 in stock options for Amazon, as first reported by CNN.

Mr. DeJoy has insisted that he has fully complied with federal ethics rules and maintained that the new measures he has put in place are necessary to modernize the Postal Service. “I take my ethical obligations seriously,” he said in a statement to The New York Times.

The hearing is expected to have some fireworks.

A number of Democratic lawmakers, who have captured the public’s attention for their incisive cross-examination of witnesses, are likely to take center stage on Monday, including Representatives Alexandria Ocasio-Cortez of New York and Katie Porter of California.

Ms. Porter, along with Representative Raja Krishnamoorthi, Democrat of Illinois, has already pressed the board of governors on possible political motivations for awarding Mr. DeJoy the postmaster general job, and will most likely seize on their own investigative work in their questioning.

Those lawmakers will be countered by Republicans on the oversight panel, who have accused Democrats of pushing a conspiracy theory with their warnings that changes at the Postal Service could jeopardize the integrity of the November election. That line of attack is expected to be led by Representative Jim Jordan of Ohio, who is known for his pugnacious demeanor.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *