Market
Will Congress approve privatization of parts of USPS by end of 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the U.S. Congress or USPS
Story
Elon Musk Backs DOGE's Plan to Cut Over $500 Billion in Spending, Proposes USPS Privatization
Dec 11, 2024, 02:28 PM
Elon Musk, tapped by President-elect Donald Trump to lead a new cost-cutting Department of Government Efficiency (DOGE), has publicly supported calls to eliminate foreign aid and has criticized the European Commission as a 'monument to bureaucracy'. His involvement in DOGE aims to reduce government spending, with proposals including the elimination of over $500 billion in unauthorized government spending through comprehensive reforms. Musk's influence extends to urging lawmakers to follow DOGE's principles, which are likened to the U.S. Constitution. Additionally, there are discussions about privatizing some operations of the U.S. Postal Service (USPS) and scrapping its electric fleet, as suggested by DOGE-supporting lawmakers.
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No decision made • 25%
Privatization delayed • 25%
Privatization approved • 25%
Privatization rejected • 25%
Full privatization • 25%
Partial privatization • 25%
No privatization • 25%
Other outcome • 25%
US Congress • 25%
Labor unions • 25%
Private sector companies • 25%
Trump administration • 25%
Howard Lutnick • 25%
Another individual appointed • 25%
Position remains unfilled • 25%
Current Postmaster General remains • 25%