Don Lee covers the U.S. and global economy 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. He is a native of Seoul, Korea, and graduated from the University of Chicago.
Latest From This Author
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Despite repeated campaign vows by Donald Trump to promote ‘Buy American,’ almost nothing has changed.
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In a change, the Federal Reserve says it plans to keep interest rates near zero even when the annual inflation rate exceeds its 2% target level.
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Trump’s approach on trade has been unilateral and with lots of tariffs. Biden wants to rally allies to take on China’s trade abuses.
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Biden will rally allies and set a new tone, yet underneath, his China policy may look closer to Trump’s than to Obama’s a decade ago.
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Economic output fell 32.9% in the second quarter, more than at any time since the Great Depression.
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With the $600 boost about to end, Congress must decide whether to let it die, continue it, or cut back the payment levels.
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580,000 California businesses received PPP loans in the last 3 months, leaving few parts of the economy untouched.
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Employers add almost 5 million new jobs in June as jobless rate drops to 11.1%. But businesses are already shutting back down as coronavirus spikes.
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The COVID-19 pandemic has caused richer consumers to pull back on spending, and that has deepened the recession for low-wage service workers.
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Small businesses worry about future layoffs as funds from the Paycheck Protection Program, part of Congress’ coronavirus relief package, run out.