Trump "interested in privatization in huge deficit at U.S. post office"

The Washington Post reported that U.S. President-elect Donald Trump is interested in privatizing the U.S. Postal Service due to a huge deficit.

The Washington Post said on the 14th local time that Trump discussed plans to reorganize the Postal Service with Howard Rutnick, the nominee for Secretary of Commerce, at his Mar-a-Lago resort in Florida.

Trump reportedly convened transition team officials to ask their opinions on privatizing the Postal Service, and also said the federal government should not subsidize the agency's deficit.

The U.S. Postal Service recorded a loss of $9.5 billion in fiscal 2024, approximately 13.6 trillion won in our money, and has debt worth approximately $80 billion.

Tesla Inc TSLA CEO Elon Musk, who was previously named head of the second Trump administration's government efficiency department, previously vowed to cut $2 trillion from the federal budget.

However, U.S. federal law stipulates that mail is a universal service obligation, so congressional action may be necessary to reduce this obligation by the Postal Service.