As President-elect Donald Trump prepares for his second term effective January 20, 2025, the financial state of the U.S. Postal Service will certainly face scrutiny in the coming months and years. Aside from Congressional oversight, the new Department of Government Efficiency (DOGE) advisory commission, led by Elon Musk and Vivek Ramaswamy, may very well put the Postal Service in its crosshairs.
After all, given Trump ran his re-election campaign partially on the promise of cutting federal spending and waste to help lower the ballooning federal deficit, another major Postal Service bailout seems unlikely. Despite receiving $107 billion in assistance due to the 2022 Postal Reform Act, $10 billion in Covid money as part of the CARES Act, and $3 billion from the Biden-Harris Inflation Reduction Act to fund a 10-year plan to shift to electric vehicles, the USPS continues to incur unsustainable losses.
Read the rest of this story on Printing Impressions.