Trump Considers Privatizing US Postal Service

According to a recent report by The Washington Post, President-elect Donald Trump is contemplating the privatization of the United States Postal Service (USPS). The discussions reportedly took place at Trump's Mar-a-Lago estate and involved Howard Lutnick, his nominee for commerce secretary. Transition officials were also convened to gather opinions on the potential privatization of the agency.

The reasons behind Trump's interest in privatizing the postal service remain unclear. However, the USPS has been facing significant financial challenges. In fiscal 2024, the agency reported a net loss of $9.5 billion, up from $6.5 billion the previous year. The increase in losses was primarily attributed to a "year-over-year increase in non-cash workers' compensation expense."

The potential privatization of the US Postal Service could have far-reaching implications for the country's mail delivery system and its workforce.