Trump orders creation of task force to examine the Postal Service's finances
On Thursday night, President Trump signed an executive order calling for an inspection of the United States Postal Service's pricing, policies, and workforce costs.
A task force, led by Treasury Secretary Steven Mnuchin or his designee, will review the U.S. Postal Service's business practices, Bloomberg reports. Over the last 10 years, with more customers paying their bills online and sending emails rather than letters, and with federally mandated pension payments, the Postal Service has reportedly lost more than $65 billion. "The USPS is on an unsustainable financial path and must be restructured to prevent a taxpayer-funded bailout," the order states.
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