President-elect Donald Trump is reportedly looking to privatize the U.S. Postal Service (USPS), three people familiar with the matter told The Washington Post in a report published Sunday.
Trump has made known his desire to detach the USPS from the federal government in conversations at his Mar-a-Lago estate, sources informed the outlet, including with Howard Lutnick, his commerce secretary pick and co-chair of his presidential transition team.
REPORT: Trump Has Been Discussing Privatization Of The @USPS With His Choice For @CommerceGov Secretary.
The Postal Service Lost An Unbelievable $9.5 BILLION In The 2024 Fiscal Year That Ended Sept. 30.
That’s Up From A $6.5 BILLION Loss In 2023.
The Agency, Which Had A Total… pic.twitter.com/XRThbex5lu
— John Basham (@JohnBasham) December 14, 2024
In early December, Trump also talked with a group of transition team officials to feel out their opinions on privatizing the agency, one person told the outlet.
As mail volume declines for the Postal Service, the agency has reportedly lost $9.5 billion in the fiscal year ending on Sept. 30, The Washington Post reported.
The outlet expressed concern regarding the potential effect on e-commerce of privatizing the Postal Service, naming Amazon, whose executive chairman Jeff Bezos reportedly plans