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Headline : Trump considers privatizing U.S. Postal Service, Washington Post reports

Read more from the original article on here at finance.yahoo.com.





Tags : #trump #considers #privatizing #us #postal #service #washington #post #reports


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(Reuters) -U.S. President-elect Donald Trump has in recent weeks expressed a keen interest in privatizing the U.S. Postal Service, the Washington Post reported on Saturday, citing three people with knowledge of the matter.

The U.S. Postal Service, which has lost more than $100 billion since 2007, reported a net loss of $9.5 billion for its fiscal year ending Sept. 30, $3 billion more than last year, largely due to a year-over-year increase in non-cash workers' compensation expense.

When told of the agency's annual losses, Trump said the government should not subsidize the organization, according to the Washington Post.

Read more from the original article on here at finance.yahoo.com.


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