Musk, Lutnick Play With Fire When It Comes to GDP
When two of US President Donald Trump’s top lieutenants issued a call to remove government spending from the nation’s most-watched gauge of economic growth, they waded into an old and fierce debate that goes far beyond statistics.
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It’s Kind of Fitting that Musk Now Wants to Cook the Books on GDP
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 official floats new approach on GDP, as economy is poised to slow sharply
Commerce Secretary Howard Lutnick wants to separate government spending from GDP, which economists worry could lead to cherry-picking data for political gain.
Musk and Lutnick want to measure GDP minus government. It’s already done and makes little difference.
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.
Federal Grant Program Opens Door to Elon Musk’s Starlink
Elon Musk tells Republican lawmakers he's not to blame for federal firings
Elon Musk’s Starlink could soon tap into $42 billion federal program
Warren questions Commerce secretary on Musk access to data on competitors
Sen. Elizabeth Warren (D-Mass.) on Monday questioned Secretary of Commerce Howard Lutnick over the access tech billionaire Elon Musk’s Department of Government Efficiency (DOGE) has to his
All negative economic data is ‘Biden data' and Trump will fix the economy, Commerce chief Lutnick says
The stock market dropped sharply in recent days as investors worried about the effects of new tariffs on Canada and Mexico by President Trump.
Commerce to Overhaul ‘Internet for All’ Plan, Expanding Starlink Funding Prospects
The agency plans changes that will make Elon Musk’s satellite-internet service eligible for more rural broadband funding.
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.
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.
Commerce Secretary Lutnick: Selling $5 Million "Gold/Green Cards" Could Take Trillions Off The National Debt
Commerce Secretary Howard Lutnick offered some information about a new Trump administration project to sell "gold/green cards" for $5 million dollars, which would entitle wealthy foreigners to buy legal status and eventually citizenship in the U.
Starlink benefits as Trump admin rewrites rules for $42B grant program
"Under the BEAD program's original rules, Starlink was expected to get up to $4.1 billion, said people familiar with the matter. With Lutnick's overhaul, Starlink, a unit of Musk's SpaceX, could receive $10 billion to $20 billion, they said," according to the WSJ report.