Trump launches task force to evaluate Postal Service operations

Trump launches task force to evaluate Postal Service operations
© Keren Carrion

President TrumpDonald John TrumpStates slashed 4,400 environmental agency jobs in past decade: study Biden hammers Trump over video of world leaders mocking him Iran building hidden arsenal of short-range ballistic missiles in Iraq: report MORE announced Thursday he is forming a task force to look at the viability and operations of the U.S. Postal Service (USPS) on the heels of his tweets accusing Amazon of hurting the organization.

Trump said in an executive order that Treasury Secretary Steven MnuchinSteven Terner MnuchinHillicon Valley: House passes anti-robocall bill | Senators inch forward on privacy legislation | Trump escalates fight over tech tax | Illinois families sue TikTok | Senators get classified briefing on ransomware On The Money: Falling impeachment support raises pressure for Dems on trade | Trump escalates fight over tech tax | Biden eyes minimum tax for corporations | Fed's top regulator under pressure over Dodd-Frank rules Mnuchin raises concerns over global talks on taxing digital economy MORE would chair the panel, which will assess how the Postal Service is affected by the package delivery market and declining use of mail, as well as examine its business model and role in the U.S. economy.

“The USPS is on an unstable financial path and must be restructured to prevent a taxpayer-funded bailout,” the president said in the executive order released by the White House.

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Trump's order directs Attorney General Jeff SessionsJefferson (Jeff) Beauregard SessionsRosenstein, Sessions discussed firing Comey in late 2016 or early 2017: FBI notes Justice Dept releases another round of summaries from Mueller probe Iowa GOP lawmaker calls flying of trans flag above Capitol an act of the 'Rainbow Jihad' MORE’s office to advise the task force on the issue of commercial monopolies in the delivery sector.

The task force is expected to deliver recommendations within 120 days on how to reform the USPS "without shifting additional costs to taxpayers," according to the executive order.

The formation of the panel follows a string of tweets Trump fired off over the course of several days earlier this month accusing Amazon of costing the Postal Service "billions."

When fact-checkers argued that was not the case, Trump doubled down on his attacks, repeating that the Postal Service was losing "a fortune" because of Amazon.

The USPS does give Amazon a shipping discount because of the volume of packages it ships. However, fact-checkers have disputed Trump's argument that Amazon is hurting the Postal Service, saying that the USPS's lack of profitability goes beyond its relationship with Amazon.