6 sources·Politics

Donald Trump Considers Privatizing USPS Amid Major Financial Losses

President-elect Donald Trump explores privatizing the U.S. Postal Service, facing $9.5 billion losses and criticism regarding service provision.

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Updated: Dec 14th, 2024, 5:56 PM ET

Summary

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Donald Trump is considering privatizing the U.S. Postal Service, which reported a $9.5 billion loss last fiscal year. He believes the government shouldn't subsidize the agency. Discussions with transition officials indicate potential changes could disrupt the postal service, essential for e-commerce and rural areas. Republicans have criticized USPS management, while Democrats oppose privatization, fearing detrimental effects. The agency struggles financially, having not been profitable since 2006, leading to questions about its future operations.

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