Trump orders Postal Service review after attacks on Amazon
WASHINGTON _ President Donald Trump ordered the creation of a task force to review business practices at the United States Postal Service, a move that could affect one of the president's favorite corporate targets: Amazon.com Inc.
"The USPS is on an unsustainable financial path and must be restructured to prevent a taxpayer-funded bailout,'' according to an order from the president on Thursday night. The order calls for an examination of the Postal Service's pricing, policies and workforce costs.
The Postal Service has lost more than $65 billion in the last decade as more Americans have used online services to transmit messages, according to the executive order. The task force will be chaired by Treasury Secretary Steven Mnuchin or his designee, according to the order.
In a series of Twitter messages, Trump has accused Amazon of draining the Postal Service of money it cannot afford to lose.
A White House official said the presidential order was intended to come up with solutions to the problems at the Postal Service. The official did not deny that the task force's recommendations could affect Amazon.
Amazon's founder, Jeff Bezos, also owns The Washington Post, which has aggressively covered the Trump administration.
_Bloomberg News
