12/17/2024

Citing Financial Losses, Trump Eyes Privatizing USPS

Any such action would have to wait until his administration takes office

President-elect Donald Trump has expressed a keen interest in privatizing the U.S. Postal Service (USPS) in recent weeks, three people with knowledge of the matter said; such a move could negatively impact consumer shipping and business supply chains while pushing hundreds of thousands of federal workers out of the government.

Trump has threatened his desire to overhaul the postal service at his Mar-a-Lago estate with Howard Lutnick, his pick for commerce secretary and the co-chair of his presidential transition, the people said. Earlier this month, Trump also convened a group of transition officials to ask for their views on privatizing the agency, one of the people said.

Told of the mail agency’s annual financial losses, Trump said the government should not subsidize the organization, the people said. The people spoke on the condition of anonymity to reflect private conversations.

Please select this link to read the complete article from The Washington Post.