Pakistan, March 6 -- Elon Musk has proposed privatizing both the U.S. Postal Service (USPS) and Amtrak, arguing that government services capable of being privatized should be. Speaking at a Morgan Stanley conference, Musk named these two services as prime examples. His remarks come after President Trump suggested merging USPS with the U.S. Commerce Department, a plan criticized by Democrats as potentially illegal. Musk acknowledged that privatization would need approval from Congress.

The USPS has faced financial struggles, losing over $100 billion since 2007. While it reported a small profit recently, the service has seen a significant 80% drop in first-class mail volume since 1997. Musk also criticized Amtrak, comparing it to China's h...