(ReclaimingAmerica.net) – In what is likely to become a hotly-debated policy move, President-elect Donald Trump is considering transferring the burden of the United States Postal Service (USPS) to private hands.
See the tweet below!
With a staggering $9.5 billion loss last year, Trump’s discussions with Howard Lutnick signal a possible shift towards privatization.
Trump’s interest in privatizing USPS comes as the agency’s financial situation worsens.
Various factors, including non-cash contributions to worker compensations, have led to a dramatic increase in losses from the previous year’s $6.5 billion.
Those financial woes led Trump to engage in talks with Howard Lutnick, his commerce secretary pick, at Mar-a-Lago.
The USPS is struggling despite a modernization plan that slashed 45 million work hours and cut transportation expenses by $2 billion over three years.
The move towards privatization may see the government releasing its control over a service criticized by Trump himself.
During the pandemic, he famously referred to USPS as “a joke” and called for increased package prices.
Potential privatization has significant implications. The shipping industry, small businesses, and rural communities could face widespread changes.
Federal jobs associated with the postal service may be at stake.
E-commerce giants like Amazon, reliant on USPS for “last-mile” deliveries, might need to reevaluate their strategies.
Critics argue that privatization could lead to increased prices and reduced access in rural areas.
Concerns about service cuts and job losses stand against the possibility of financial stability brought by privatization.
Meanwhile, Trump’s transition team has not given an official statement on the future of the plan.
While Trump’s intentions align with his past criticisms, the outcome remains uncertain for civilians and businesses alike as this proposal could redefine an essential American service.
As the story unfolds, many will watch closely to see if Trump’s bold step towards privatization addresses the USPS’s monumental financial struggles or creates new challenges, reports Yahoo Finance.
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
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