Heterodox economists have long criticized politicians’ maniacal obsession with GDP growth, pointing to its relatively recent creation as a measure of national accounts and its limits as a catch-all indicator of a country’s economic health.
Trump administration officials have suggested they may try to look differently at a key economic measure of America's economic health: the quarterly GDP.
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.
Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product.
Elon Musk's demand should have been an easy requirement for federal workers. Most private sector employees could answer such a request in minutes.
Elon Musk told every US government employee on Saturday they must clearly say what they did last week—or else they're out of a job. Elon posted on X (formerly
The US administration will redefine how the government calculates gross domestic product, a move that critics warn could artificially manipulate economic performance metrics, Commerce Secretary
Senior White House adviser Elon Musk said on Saturday that he believes the United States should leave the United Nations and the North Atlantic Treaty Organization—two of the world’s most important intergovernmental bodies.
Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product ... the spending cuts pushed by Elon Musk's Department of Government ...