this post was submitted on 14 Dec 2024
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News

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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.

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[–] Nougat@fedia.io 72 points 1 week ago (1 children)

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

It already doesn't. USPS is entirely internally funded. What a fucking idiot.

[–] iopq@lemmy.world 3 points 1 week ago (1 children)
[–] Frozengyro@lemmy.world 33 points 1 week ago

Much of their operating costs is due to the insane pension funding they have to do. Way more than other parts of the government.