GDP, government spending

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.
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.
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.
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.
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.
Czech government to gradually lift defence spending to 3%/GDP by 2030, PM says
The Czech government has decided to gradually raise its defence spending to 3% of gross domestic product by 2030, from around 2%, Prime Minister Petr Fiala said on Wednesday.
Trump praises Musk, DOGE for work to cut government spending and finding waste
Elon Musk and the Department of Government Efficiency received high praise from President Donald Trump and were pushed to continue finding wasteful spending.
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
Maybe government spending isn't so bad after all: McGeever
The euro strengthened and European stocks rose on Monday after European leaders agreed to draw up a Ukraine peace plan, while ...
Government shutdown looms as Trump tries to assert new spending powers
Congress has less than two weeks to extend a federal funding deadline, but lawmakers are arguing over whether the White House ...
Markets rebound on hopes for tariff relief and government spending plans
US stocks rose on hopes that President Donald Trump's latest tariffs would be short-lived, while Asian and European markets ...
Germany to ease government debt limits in major step aimed at boosting economy, defense spending
The two political parties expected to form the next German government have agreed to significantly loosen the country’s ...
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Germany to ease government debt limits in major step aimed at boosting economy, defence spending
The debt brake was passed in 2009, when a global financial crisis led to sharp increase in government borrowing in Germany ...
Elon Musk’s DOGE slapped government-issued credit cards with a $1 spending limit. Workers say they can’t do their jobs.
The cost-cutting spree has hampered workers’ ability to buy office or lab supplies, access legal filings, or travel for work.
Elon Musk strategizes $1 trillion spending cuts with House DOGE panel in closed-door meeting
Elon Musk met with a small group of House Republicans on Wednesday evening where he discussed avenues for cost savings in a quest to find as much as $1 trillion in government waste, people familiar ...
When could a government shutdown occur? Deadline to pass funding bill looms this month
Current funding expires at the end of Friday, March 14. If a funding bill is not passed, then the government will see itself ...