Home Consumer Trump Eyes Privatizing U.S. Postal Service, Citing Financial Losses

Trump Eyes Privatizing U.S. Postal Service, Citing Financial Losses

mailboxes ID 337356209 © Walter Cicchetti | Dreamstime.com
(ID 337356209 © Walter Cicchetti | Dreamstime.com)

President-elect Donald Trump has expressed a keen interest in privatizing the U.S. Postal Service in recent weeks, three people with knowledge of the matter said, a move that could shake up consumer shipping and business supply chains and push hundreds of thousands of federal workers out of the government.

Trump has discussed his desire to overhaul the Postal Service at his Mar-a-Lago estate with Howard Lutnick, his pick for commerce secretary and the co-chair of his presidential transition, the people said. Earlier this month, Trump also convened a group of transition officials to ask for their views on privatizing the agency, one of the people said.

Told of the mail agency’s annual financial losses, Trump said the government should not subsidize the organization, the people said. The people spoke on the condition of anonymity to reflect private conversations.

“The government is slow, slow, slow — decades slow on adopting new ways of doing things, and there’s a lot of [other] carrier services that became legal in the ’70s that are doing things so much better with increased volumes and reduced costs,” said Casey Mulligan, who served as a top economist in the first Trump administration. “We didn’t finish the job in the first term, but we should finish it now.”

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