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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President Biden and House Speaker Kevin McCarthy strike an “agreement in principle” on Saturday to raise the federal government’s borrowing limit and cut some spending.
An eleventh-hour deal saved the U.S. from defaulting on its debts in 2011. The brakes aren’t as reliable this time.
Medicare Advantage was conceived to give seniors wider choices and lower the rapid increase in the nation’s healthcare spending. It’s succeeded in one, but not the other.
A return to in-person work might seem like a good thing. But some red-state leaders worry the return-to-work economy will limit their talent pool.
Medical inflation is accelerating as demand for non-COVID-19-related health services recovers and providers seek to make up for soaring labor costs.
President Trump-endorsed rollback of Dodd-Frank’s tougher scrutiny of banks was a significant factor in SVB’s problems. But it wasn’t the only culprit.
In his feud with California, Florida Gov. Ron DeSantis claims the Golden State is losing residents because of its leftist ways. Indications suggest otherwise.
Mixed signals — including layoffs, strong job growth and lingering inflation — have clouded the U.S. economic outlook.
Californians moving to Nevada hope to re-create a California lifestyle — a tech hub with mountain views — without the Golden State’s problems. It’s not working exactly as planned.
Después de siete años de espera, el público puede ver por primera vez las declaraciones del expresidente, que documentan sus agresivos esfuerzos por eludir el pago de impuestos.