WASHINGTON — Commerce and trade found themselves in the crosshairs of the U.S. government shutdown on Tuesday. The move in Washington threatened to impede ongoing trade negotiations, delay trade enforcement cases and impact regulatory issues important to the fashion industry, while slowing economic growth in the fourth quarter if the stalemate drags on.
Congress failed to reach a deal on a new federal budget to fund the government as the fiscal year ended at midnight on Monday. House Republicans refused to pass a straight bill that would continue funding, insisting instead on attaching language to defund or delay implementation of President Obama’s signature health care initiative that was to go into effect on Tuesday. The Democratic-led Senate rejected the House measures and the resulting impasse led to the shutdown.
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?"