tiprankstipranks
President-elect Trump considering Post Service overhaul, Axios reports
The Fly

President-elect Trump considering Post Service overhaul, Axios reports

President-elect Trump could resurrect his first-term goal to overhaul the U.S. Postal Service, which would influence how e-commerce giants operate, impact hundreds of thousands of government jobs and potentially undercut reliable delivery to more remote areas, Axios’ Natalie Daher posts. America’s mail carrier is the second most-beloved federal agency behind the National Park Service, polling shows. Like many industries, the rise of the internet has hurt its bottom line – and its leadership has failed to reverse that financial trend in recent years, the author notes. Trump is said to have talked with his commerce secretary pick Howard Lutnick at Mar-a-Lago about his interest in overhauling the agency. He reportedly said the government shouldn’t subsidize the mail agency given its recurring losses.

Don't Miss Our Christmas Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App