President-elect Donald Trump is reportedly interested in taking the U.S. Postal Service private because the federal government is losing billions of dollars in funds.
He is discussing the issue with his nominee for Commerce Secretary, Howard Lutnick, at his Mar-a-Lago mansion in Palm Beach, Florida. The Washington Post reportedThis was reported by three people familiar with the matter.
Sources said President Trump was aware of the Postal Service's annual financial losses and said the government should not be responsible for subsidizing the Postal Service.
The Postal Service announced a staggering $9.5 billion loss for the fiscal year that ended Sept. 30, widening from a $6.5 billion loss a year earlier. reported In November. The agency, which has total operating revenues of nearly $80 billion, blamed its financial hemorrhage on non-cash contributions to workers' compensation.
Privatizing federal agencies would send shockwaves across the shipping industry, potentially costing hundreds of thousands of federal jobs, and impacting small businesses and rural areas, Washington said.・The Post reported.
It could also have a dramatic impact on the e-commerce industry, as companies like Amazon rely on the Postal Service for “last mile” deliveries between their fulfillment centers and customers' homes and businesses. There is sex.
Trump has had a troubled relationship with the Postal Service for years. His first administration at the beginning of the pandemic called the government a “joke” and said it would not provide stimulus loans unless the package price quadrupled.
A Postal Service spokesperson told The Washington Post that the modernization plan has saved the company 45 million labor hours and $2 billion in transportation costs over the past three years.
Trump's transition team did not respond to requests for comment.
