Government deficit rose 4% in Trump’s first full month in office, despite DOGE. UBS says the U.S. is slashing confidence, not spending
While the government did cut its outlays in February the budget deficit for the month more than doubled compared to January ...
Axios on MSN11d
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 ...
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 ...
The Washington Post11d
Trump official floats new approach on GDP, as economy is poised to slow sharply
That prompted Trump adviser Elon Musk to muse on Friday that a “more accurate measure of GDP would exclude government spending,” on X, the platform he owns. Over the weekend, Commerce ...
New Republic8d
It’s Kind of Fitting That Musk Now Wants to Cook the Books on GDP
Gross domestic product is a controversial metric. Heterodox economists have long criticized politicians’ maniacal obsession with GDP growth, pointing to its relatively recent creation as a ...