Don Lee writes economic stories out of Washington, D.C. Since joining the Los Angeles Times in 1992, he has served as the Shanghai bureau chief and in various editing and reporting roles in California. Lee previously worked at the Kansas City Star. He is a native of Seoul, Korea, and graduated from the University of Chicago.
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Donald Trump’s proposed tariffs could have major consequences for California’s economy, which has a lot riding on trade, especially with China and Mexico.
California’s voters typically lean heavily to the left. So, why did a minimum-wage boost fail?
The Federal Reserve cuts interest rates for a second straight time in an effort to keep the economy humming. But it now must contend with a new unknown: a second Trump presidency.
The Dow Jones industrial average surged more than 1300 points in early trading, with expectations that a new Trump term will bring big policy changes, including tax cuts.
The Commerce Department says U.S. gross domestic product, the broadest measure of economic output, expanded at a robust annual rate of 2.8% in the third quarter.
The low utilization of E-Verify illustrates a “broken U.S. immigration system” and the lack of economic interests in using it. Employers are desperate for labor, documented or not.
Four men face charges from the Orange County district attorney’s office in connection with allegedly billing nearly $100 million in fraudulent fees.
A resurgence of hiring added a quarter-million jobs last month across the country and the unemployment rate dropped to 4.1%, according to new government data released Friday.
The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports has reached a deal to suspend their strike until Jan. 15 to provide time to negotiate a new contract.
Vice President Kamala Harris and former President Trump have clearly divergent tax proposals, though both candidates’ plans are short on detail.