Trump Wants to Privatize the US Postal Service Again
President Trump, citing the USPS’s $9.5 billion fiscal year loss and substantial liabilities, has expressed interest in privatization. Discussions with his commerce secretary nominee, Howard Lutnick, indicate a potential overhaul impacting hundreds of thousands of federal employees and potentially disrupting shipping and supply chains. This plan, though lacking specifics, follows previous conflicts with the agency, including attempts to shift key functions to the Treasury Department. Despite its recent financial struggles, the USPS remains a highly-regarded institution with a long history and a recent success in handling mail-in ballots.
John Q. Hosedrinker