GDP, government spending

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 (GDP) report, but gave no indication how soon this change might happen, while dismissing fears of a possible recession.
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.
Trump administration may exclude government spending from GDP, obscuring impact of DOGE cuts
Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product.
Why government spending counts in GDP, as Trump admin considers excluding it
Top Trump administration officials are arguing that it is misleading to include government spending in the quarterly tally of GDP. It sets up a clash between the administration and economists over how to calculate the broadest measure of economic activity.
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.
Trump administration to exclude govt spending from GDP? Commerce secretary replies
The Commerce Department in its most recent GDP report, showed that the economy grew at an annual rate of 2.3% in the final three months of 2024
The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts
Commerce Secretary Howard Lutnick said Sunday that government spending could be separated from gross domestic product reports ...
Here’s How Government Spending Has Grown—and Where the Money Is Going
Social Security remains one of the largest federal spending categories, while net interest on the national debt is the ...
New York Magazine7h
How Elon Musk Could Spark a Government Shutdown
DOGE’s wild rampage is the major sticking point in talks over a deal and he could blow up any such agreement by riling up a ...
federalnewsnetwork.com2h
Congress approaches the red zone for getting a ’25 spending package done
"The more immediate problem is this March 14 deadline to do something about federal funding for the current fiscal year," said Loren Duggan.
Intelligencer on MSN4d
Are Democrats Already Surrendering on Government Spending?
The minority party’s only leverage is to refuse to keep the government open without assurances that DOGE will be reined in.
New York Post on MSN12d
DOGE finds nearly $40 billion in spending linked to government-issued credit cards
The US government currently has ~4.6M active credit cards/accounts, which processed ~90M unique transactions for  ~$40B of ...
India's economic growth picks up on rising government, consumer spending
December, picking up on increased government and consumer spending, official data showed on Friday, and the government said ...