Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product. There are growing questions about whether the spending cuts pushed by Elon Musk’s Department of Government Efficiency could cause a recession. Speaking on Fox News, Lutnick said he would change GDP to make it “transparent.” The commerce secretary was echoing Musk’s arguments, made Friday on X, his social media platform, that government spending doesn’t create value for the economy.
