WASHINGTON — Capitol Hill lawmakers are poised to confront the daunting challenge of finding a compromise to avoid a “fiscal cliff” in the lame-duck session of Congress that begins Tuesday, but several trade-related measures with broad implications for the fashion industry also have a chance of advancing.
The top priority for lawmakers as they return this week after adjourning in September to campaign for the elections is negotiating a compromise solution to expiring tax cuts enacted under former President George W. Bush and to deep spending cuts to federal agencies and the Pentagon that will take effect in January unless action is taken. Last week’s elections, which sent President Obama back to the White House for a second term and saw Democrats retain and increase control of the Senate and Republicans maintain their majority in the House, have only increased pressure for some sort of compromise.
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)