The USPS was a target during his first administration, and it might now be on the chopping block due to financial losses

Summary

Donald Trump is considering privatizing the US Postal Service due to its financial losses, a move that could disrupt shipping and push hundreds of thousands of federal workers out of government.

Citing the USPS’s financial losses, Trump argued the agency should not rely on government subsidies.

While his specific privatization plans remain unclear, Trump previously clashed with the USPS during his first term, attempting to shift control of key functions like labor relations and rate-setting to the Treasury Department.

This move could significantly alter the structure and operations of the USPS if implemented.

    • teamevil@lemmy.world
      7·
      5 days ago

      In 06 the Republican Congress decided USPS was too profitable and they imposed funding pensions out for 75 years.

    • Stern@lemmy.world
      13·
      6 days ago

      USPS is obligated to deliver everywhere. Uncle Steve who lives out in the middle of buttfuck nowhere gets mail service just like Cousin Roger who lives in the middle of town. Shocking literally no one, having to deliver to multiple Uncle Steve’s costs way more money then it brings in.

      Then there’s inflation, and also just less folks sending mail as a general thing because e-mail is instantaneous and free.

      The pension funding requirement was the overwhelming majority of their losses, but that’s been resolved as of 2022.

      https://www.cnn.com/2022/04/06/politics/biden-postal-service-reform-law-signing/index.html