President-elect Donald Trump recently discussed privatizing the United States Postal Service (USPS) as he promises to run an administration focused on chipping away at the federal government’s budget, The Washington Post reported over the weekend.
Three people with knowledge of Trump’s conversations told the Post that Trump met with his pick for Commerce Secretary, Howard Lutnick, to discuss privatizing the USPS. The independent mail agency has generally been self-funded, but in 2022, the federal government provided around $50 billion in financial relief as it struggles to generate revenue.
Trump reportedly told his transition officials that the USPS should not be subsidized by the federal government after he was informed of the agency’s annual losses. The USPS recorded a net loss of $9.5 billion in fiscal year 2024 after losing $6.5 billion in 2023.
The president-elect has…
