GDP, Trump and government spending

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.
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 product.
The Government Needs Wealthy Consumer Spending To Keep GDP Growing
A new analysis shows that the top 10% of earners are behind almost half of all consumer spending, which is almost 70% of GDP.
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.
Donald Trump admin may exclude govt spending from GDP, obscuring impact of DOGE cuts
Government spending is traditionally included in the GDP because changes in taxes, spending, deficits and regulations by the government can impact the path of overall growth.
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
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 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 ...
New York Sun10h
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 ...
U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts
Consumer and business sentiment is wobbling as fiscal support fades and fears rise that tariffs will lead to higher prices.
Tariff threats and uncertainty could weigh on consumers and drag down the economy, government report suggests
Data released Friday showed that consumers slashed their spending by the most since February 2021, even as their incomes rose ...
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 ...
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 ...
Marketplace12h
“An incomplete picture of the economy”
Commerce Secretary Howard Lutnick says he wants to take government spending out of GDP measurements. We'll unpack the ...
India's Oct-Dec GDP growth seen stronger on improved rural demand, government spending
India's economic growth is expected to have picked-up in the October to December quarter as rural consumption improved ...