WASHINGTON — The $150 billion economic stimulus package agreed between House leaders and the White House Thursday should give a boost to retailers this summer by injecting fresh cash into the hands of consumers, although the news didn't help retail stocks as they lagged behind broader gains on Wall Street.
In what has become a rare instance of bipartisan politics, House Speaker Nancy Pelosi (D., Calif.), Minority Leader John Boehner (R., Ohio) and Treasury Secretary Henry Paulson Jr. unveiled the deal aimed at reviving the faltering economy at a press conference on Capitol Hill. The package includes about $100 billion in tax rebates and $50 billion for business tax cuts.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"