WASHINGTON — A coalition of chief executive officers from 80 major U.S. companies, including Macy’s Inc.’s Terry J. Lundgren, endorsed raising taxes and cutting spending as a prescription for reducing the federal deficit, as they stepped up pressure on Congress on Thursday to find a bipartisan solution.
The major corporate leaders said that “fiscal uncertainty around the debt (which is running a little over $1 trillion) is hampering hiring, investment and economic recovery.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)