Reported about 18 hours ago
Commerce Secretary Howard Lutnick announced that the Trump administration may separate government spending from GDP calculations to enhance transparency, amid concerns that spending cuts from Elon Musk's Department of Government Efficiency could impact the economy. This approach might obscure the economic contributions of government programs such as Social Security and infrastructure investment, which historically have been included in GDP reports. Lutnick's proposal aims to address the belief that government spending does not generate economic value, despite evidence that it plays a crucial role in overall economic growth.
Source: YAHOO