President Trump revealed Friday that he’s considering merging the US Postal Service with the Commerce Department.
Trump told reporters in the Oval Office that his administration is looking at a “merger” of the two government institutions to increase efficiency.
“We want to have a post office that works well and doesn’t lose massive amounts of money, and we’re thinking about doing that, and will be a form of a merger, but it’ll remain the Postal Service, and I think it’ll operate a lot better than it has been over the years,” Trump said.
He had floated the consideration back in December after learning that the USPS lost $9.5 billion in the fiscal year ending Sept. 30, according to the Washington Post. The astounding loss was up from $6.5 billion the previous year.
The Postal Service has blamed its increase in losses on a jump in worker compensation and pension liabilities. […]
— Read More: nypost.com
