Elon Musk and Commerce Secretary Howard Lutnick want to take government out of GDP. They should be careful what they wish for ...

That’s 1% of gross domestic product, and almost 5% of total federal spending. The government payroll for other developed ...

Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic ...

Explore three budget scenarios, including tax policy impacts and AI-driven productivity gains. Click here to read what ...

U.S. Commerce Secretary Howard Lutnick said on Sunday he would strip out government spending from the gross domestic product ...

Should a country’s gross domestic product include government spending? No, argued Simon Kuznets, the Nobel economics laureate who helped create the measure now known as GDP. When the US ...

Government spending, by comparison, accounts for 17 percent of GDP, with federal spending making up 6.5 percent of the calculation at the end of 2024. “Real GDP and private GDP tell almost ...

Government spending is tied up with consumer and business spending. Not reporting it as part of GDP would breach global accounting standards.

GDP reports already include extensive details on government spending, offering a level of transparency for economists. Musk's efforts to downsize federal agencies could result in the layoffs of ...

He did so by reducing federal government spending as a share of GDP from 22.2% in 1992 to 18% in 2000, while also raising the marginal tax rate on high income earners from 36% to 39.6% in 1993 to ...