President Donald Trump proposed potentially placing the U.S. Postal Service (USPS) under the Commerce Department's control to enhance its operations and financial stability. Speaking at the swearing-in of new Commerce Secretary Howard Lutnick, Trump emphasized the need for improvement in an agency facing huge financial losses. With its history dating back to 1775, the USPS transitioned to an independent agency in 1970. Despite efforts for privatization, the USPS remains crucial to employing a large workforce and delivering essential services.
President Trump suggested a potential takeover of the U.S. Postal Service by the Commerce Department to curb financial losses, emphasizing the need for efficiency.
Trump described his intention to merge the USPS with the Commerce Department, highlighting the Postal Service's significant annual loses and historical context.
Former President Trump mentioned that under Secretary Lutnick's leadership, there is a belief that the USPS can be turned around from being a financial burden.
The Postal Service, established in 1775, transformed into an independent agency in 1970 to maintain self-financing, amid ongoing debates about its future.
Collection
[
|
...
]