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US President Donald Trump has announced that he is forming an administrative task force to investigate the operations and finances of the United States Postal Service (USPS).

The task force will be headed by Treasure Secretary Steve Mnuchin and is to issue a report within 120 days with proposals for reform.

“The USPS is on an unstable financial path and must be restructured to prevent a taxpayer-funded bailout,” Trump said in the executive order, which cites a figure of $65 billion in cumulative losses since 2009.

The investigation follows several tweets made by Trump criticising Amazon’s deal with USPS, which gives the giant company a bulk shipping discount due to the volume of packages shipped. Trump contends that USPS loses money in the deal, costing the American taxpayer.

USPS hasn’t received direct taxpayer funding since the early 1980s, but it has borrowed from the US Treasury at subsidised rates and receives tax breaks for property and real estate.

However, there is scant evidence that Trump’s claim about Amazon is true. In fact, while USPS has been struggling for the last decade, its parcel delivery business is currently growing.

Some critics have suggested that Trump’s antagonism towards Amazon has to do with the fact that The Washington Post, which is owned by Amazon CEO Jeff Bezos but operates independently, has been critical of his administration.

He has launched similar frequent attacks on the integrity of other media outlets, including The New York Times and CNN, accusing them of “fake news”.

(Source: The Hill, CBS News)

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