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Government Spending Could Be Excluded From GDP Data, Commerce Secretary Says

Howard Lutnick’s remarks echo what Elon Musk, director of the Department of Government Efficiency (DOGE), stated on X this past week.
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Government Spending Could Be Excluded From GDP Data, Commerce Secretary Says
President Donald Trump’s then-nominee for Commerce Secretary, Howard Lutnick, testifies at a confirmation hearing on Capitol Hill in Washington on Jan. 29, 2025. Madalina Vasiliu/The Epoch Times
Andrew Moran
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The Trump administration could exclude government spending from future gross domestic product (GDP) reports, says Commerce Secretary Howard Lutnick.

“You know that governments historically have messed with GDP,” Lutnick said in an interview with Fox News’ “Sunday Morning Futures.”

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Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."