WASHINGTON — The budget proposal President Obama sent to Congress on Thursday increases funding for agencies that foster international trade and cuts some domestic cotton programs.
The $3.55 trillion 2010 fiscal year spending request seeks to eliminate or reduce 121 programs, half of which are defense related, saving $17 billion. Obama said his proposed cost-cutting measures for the fiscal year that begins Oct. 1 are the first step toward reducing a $1 trillion deficit that he has pledged to cut in half by the end of his term.
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)