From overpriced EVs to Saturday mail, the USPS could save $7 billion a year with simple reforms. So why isn’t it happening?
The Department of Government Efficiency is teaming up with the U.S. Postal Service, and it’s a good thing. Last week, Postmaster General Louis DeJoy told Congress he had reached an agreement with the DOGE to root out inefficiencies and help the service address “big problems” — most of which are financial. As an initial cost-cutting gesture, the USPS is reducing its workforce by 10,000 through a voluntary early retirement program.
The DOGE certainly has its work cut out for it. The USPS lost an astounding $9.5 billion in fiscal year 2024 and is projected to lose an additional $60 billion to $70 billion by 2030. However, most of this spending is wasteful — not essential — which positions the service, through proper reforms, to recover and once again deliver for taxpayers and consumers.