GDP, Consumer 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.
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.
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.
Commerce Secretary Lutnick Pushes For 'Transparent' GDP Calculation By Removing Government Spending
Howard Lutnick's remarks came in response to concerns over whether the spending cuts advocated by Elon Musk's Department of Government Efficiency (DOGE) might lead to a recession.
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
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 ...
Intelligencer on MSN3d
Are Democrats Already Surrendering on Government Spending?
The minority party’s only leverage is to refuse to keep the government open without assurances that DOGE will be reined in.
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Dems: Trump’s spending play raises ‘risk of a shutdown’
Top Democratic appropriators said Friday that President Donald Trump’s decision to abandon bipartisan spending talks and ...
US government spending has not slowed under Trump so far, data shows
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
New York Post on MSN12d
DOGE finds nearly $40 billion in spending linked to government-issued credit cards
The US government currently has ~4.6M active credit cards/accounts, which processed ~90M unique transactions for  ~$40B of ...
Government Executive4d
Trump DOGE order directs agencies to build tech to track government spending
The executive order directs agencies to build centralized tech systems to “record every payment” issued under grants and ...
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 ...
Carney Vows to Rein In Government Spending, Cap Public Service in Canada
Mark Carney promised to cap the size of the Canadian public service and undertake a program spending review if he becomes ...
Lobby group backs government efficiencies drive
A drive to make efficiencies and streamline services in a bid to reduce the Manx government's spending has been backed by the ...