President-elect Donald Trump has expressed interest in taking the US Postal Service private as the federal agency hemorrhages billions of dollars, according to a report.

He’s discussed the issue with Howard Lutnick, his pick for commerce secretary, at his Mar-a-Lago residence in Palm Beach, Fla., The Washington Post reported, citing three people with knowledge of the matter.

After learning of the agency’s annual financial losses, Trump said the government should not be responsible for subsidizing the Postal Service, the sources said.