US sanctions Hong Kong officials over Beijing autonomy crackdown
The Treasury imposed penalties on Carrie Lam and 10 other Hong Kong officials for aiding Beijing's crackdown on pro democracy protests. The move targets Lam and police leaders Chris Tang and Stephen Lo, accusing them of enforcing the national security law and undermining Hong Kong’s autonomy under the one country two systems framework. The sanctions block assets and curb U.S. dealings with those named.
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Postal Service posts 2.2 billion loss in June quarter
Postmaster Louis DeJoy warned Congress of a dire financial outlook with the U S Postal Service reporting a 2 2 billion loss for the quarter ending in June 2020 The agency seeks at least 10 billion in relief and changes to retiree health pre funding while denying slow election mail delivery and noting higher homebound package volumes.
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Deadlock blocks new COVID-19 relief pass in Washington
Democrats fail to bridge gap with White House on a fifth relief bill delaying extended jobless benefits, school funding, testing and state aid. Trump contemplates executive orders on evictions and student debt while markets rally on jobs data but worry about U S China tensions and more aid delays. The report notes Schumer Pelosi Mnuchin Meadows and Meadows comments.
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