Trump Advisers Want to Strip Public Spending from the GDP Tally. Why It Makes No Sense.
Commerce Secretary Howard Lutnick floated the notion on Sunday of excluding government spending data from the overall ...
Musk and Lutnick want to measure GDP minus government. It’s already done and makes little difference.
That echoes a recent message from Elon Musk on, X, the social-media service he owns, in which the unofficial head of the ...
The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts
Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic ...
US Commerce Secretary wants to remove government spending from GDP
U.S. Commerce Secretary Howard Lutnick said on Sunday he would strip out government spending from the gross domestic product ...
Marketplace1h
What if the U.S. just deleted government spending from GDP?
Government spending is tied up with consumer and business spending. Not reporting it as part of GDP would breach global accounting standards.
Atlanta Fed's GDPnow model sees Q1 GDP deeper in the red after ISM release
The Atlanta Fed's GDPNow model slid deeper into the red on Monday, estimating that Q1 GDP will sink 2.8% on a seasonally ...
Atlanta Fed model forecasts nearly -3% GDP growth in first quarter of this year
The Atlanta Fed's GDPNow model had, up until the Feb. 28 update, been forecasting growth between 2-4% in line with most other ...
New York Sun6h
Facing Dismal Economic Projections From Atlanta Fed, Commerce Secretary Proposes Major Change to GDP Reporting
The Atlanta branch of the Federal Reserve is now predicting that America’s GDP could decline by as much as 2.8 percent in the ...
Macron calls on Europe to boost NATO funding to as much as 3.5% of GDP after Trump-Zelensky fallout
For the past three years, the Russians have been spending 10% of their GDP on defense,” Macron told the French Le Figaro outlet. “We need to prepare for what comes next, with an objective of 3% ...
Wall Street slumps after Trump says tariffs to go into effect tomorrow, GDP outlook turns negative
Investors wary of President Trump's plan to add tariffs of 25% on imports from Mexico and Canada, as well as a negative GDP forecast.
Marketplace5d
One consequence of government spending cuts? Lower GDP
Government spending makes up 6% of total gross domestic product. And besides, spending cuts come with economic ripple effects ...
Britain’s ‘permissive’ approach to crime costs 10pc of GDP every year, analysis suggests
Britain’s “permissive” approach to crime is costing the UK as much as £250 billion a year – or the equivalent of 10 per cent ...