US Commerce Secretary wants to remove government spending from GDP

Barron's

Center

Factuality

Ownership

Commerce Secretary Howard Lutnick Wants to Strip Public Spending from GDP Tally. Why It Makes No Sense.

Jacobin

Far Left

Factuality

Ownership

US Economic Decline Has Been Greatly Exaggerated

A focus on GDP and national accounts gives a misleading picture of US economic power. In the age of globalization, production can be based in countries like China while most of the profits flow back to American firms, reinforcing US economic hegemony.

junge Welt

Left

Factuality

Ownership

US GDP: US Trade Minister's Pay Games

Sudden changes in statistics suggest manipulation, and this could also apply to the US Secretary of Commerce's announcement that in the future government spending on GDP will no longer be taken into account statistically.

The New York Sun

Right

Factuality

Ownership

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 first quarter of 2025.

MarketWatch

Center

Factuality

Ownership

GDP is looking shaky. Trump's allies are already trying to shoot the messenger.

The Trump administration wants to create a separate report about the economy that strips out the impact of government spending. The Commerce Department already does this.

Military.com

Center

Factuality

Ownership

The Trump Administration May Exclude Government Spending from GDP, Obscuring the Impact of DOGE Cuts

Commerce Secretary Howard Lutnick said that government spending could be separated from gross domestic product reports, in response to questions about whether the spending cuts pushed by Elon Musk's Department of Government Efficiency could possibly cause an economic downturn.