Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.

The stock market dropped sharply in recent days as investors worried about the effects of President Donald Trump's new tariffs on Canada and Mexico.

Howard Lutnick, the U.S. Commerce Secretary, has expressed his intent to exclude government spending from the gross domestic product (GDP) calculations. What Happened: Lutnick argued that government spending has historically distorted GDP figures.

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.

Commerce Secretary Howard Lutnick wants to separate government spending from GDP, which economists worry could lead to cherry-picking data for political gain.

Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product.

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.

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.

On Sunday, President Trump announced his plans for a U.S. “crypto strategic reserve,” stating that he’d make the country the “Crypto Capital of the World.” But a closer look reveals the reserve may be nothing but a blatant insider trading scam to make his billionaire crypto czar richer—funded by taxpayer money.

Elon Musk and Commerce Secretary Howard Lutnick want to take government out of GDP. They should be careful what they wish for.

Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product WEST PALM BEACH, Fla. -- Commerce Secretary Howard Lutnick said ...