Home / Knowledge / News / Apparel/Garments / Retailers tell Washington - 'Get Back to Work'
Retailers tell Washington - 'Get Back to Work'
10
Oct '13
In a letter to congressional leaders, the National Retail Federation called upon both Congress and the Administration to end the budget impasse and urged both political parties to immediately pass a funding bill so that federal employees and contractors can get back to work.

“We strongly support passage of both a continuing resolution to provide for funding of the federal government into the next fiscal year and a measure to raise the nation’s debt ceiling,” NRF President and CEO Matthew Shay said in the letter.

Shay highlighted mounting economic indicators showing that the government shutdown, which has paralyzed retail industry public policy priorities, has already adversely impacted consumer spending and depressed consumer confidence. He pointed to figures from Gallup showing that consumer confidence now measures at the same low levels as that of the 2008 economic collapse.

“For retailers – who represent the sector of the American economy most closely tied to consumer attitudes – these numbers are deeply disturbing,” Shay said. “Moreover, since the very modest growth the U.S. economy has experienced following the 2008 recession has been attributed to the willingness of the American consumer to keep shopping, a lasting decline in consumer confidence is likely to translate into increased unemployment and slower growth in coming months.”

Shay also detailed practical problems the shutdown has created for retailers – from the lack of economic data and reports to concerns over processing of imported merchandise. He said the Census Bureau has had to delay employment and retail sales reports, and that other government responsibilities and functions, ranging from Customs and Border Protection to the Federal Communications Commission, have stopped.

“Washington can’t keep governing from crisis to crisis and quarter to quarter,” Shay said. “Kicking the can down the road may be the norm these days in Washington, but it is an irresponsible approach to the problems confronting our nation. …We need leadership from both ends of Pennsylvania Avenue on the key issues facing our country, particularly policies that put the economy on a firm footing for long-term growth.”

Shay said President Obama and Congress need to address policies that could entice both sides to seek a negotiated end to the government shutdown, including comprehensive tax reform, new trade programs, and entitlement reform.

“It’s time for Congress to get our government back to work – and time for Congress itself to get back to work on building a strong, stable national economy that will restore the United States to its rightful place as the leader of the global economy,” Shay said.

Over the coming days, NRF will be coordinating with retailers and small business owners and engaging members and grassroots advocates around its call for the government to reopen.

As the world’s largest retail trade association and the voice of retail worldwide, NRF represents retailers of all types and sizes, including chain restaurants and industry partners, from the United States and more than 45 countries abroad. Retailers operate more than 3.6 million U.S. establishments that support one in four U.S. jobs – 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

National Retail Federation

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search