Cutting these jobs indiscriminately will “substantially damage the economy,” experts say.
Government spending is tied up with consumer and business spending. Not reporting it as part of GDP would breach global accounting standards.
Government spending is built into the formula for calculating GDP.
According to both the Constitution and the Impoundment Control Act of 1974, the president does not have the authority to spend or hold back funding Congress has appropriated.
A survey reveals the general public doesn’t always agree with economists on what causes higher prices.
In the debate over the debt and deficit, experts say tax breaks that skew toward the wealthy deserve as close a look as government spending.
They say programs designed to help low-income families are only reaching a fraction of those eligible.
At the annual meeting of right-wing thinkers, economic issues such as tariffs and government spending are expected to be discussed.
We look back at a moment in U.S. history when the federal government remade its relationship with the economy.
No surprise: Inflation, higher interest rates and the pandemic all play a role.