Businessweek Daily

Elon Musk’s Plan to Privatize the USPS Is 25 Years Too Late

There was an opportunity before email took over the world. Plus: How colleges are weathering extreme funding cuts.

Members of the National Rural Letter Carriers Association rally on Tuesday on Capital Hill in Washington in support of the Postal Service. 

Photographer: Daniel Heuer/Bloomberg

Ah, privatization. To the Trump administration, it seems like a silver bullet to end perceived government waste and bureaucracy. But as Bloomberg News senior reporter Devin Leonard writes, when it comes to the US Postal Service, it’s much easier said than done—and he would know, having written a book on the topic. Plus: University research is facing nonstop disruption from Trump’s cuts, and tax pros are hearing more clients ask, “Why should I pay?” if the IRS is weakened.

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