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Entries by Zach Carter from 05/2011

Small Business Owners Demand Repeal Of Bush Tax Cuts For The Rich

Posted 05.04.2011 | Business

WASHINGTON -- Michael Teahan, like his father, mother, and uncles before him, is a small business owner. The 52-year-old has spent most of his adult l...

House GOP Bill To Delay Financial Regulations Clears Key Hurdle

Posted 05.04.2011 | Politics

WASHINGTON -- With gas prices approaching record highs and soaring food prices fueling global unrest, Republicans on the House Agriculture Committee p...

Austan Goolsbee Applauds Job Growth, Says 'We've Got A Long Way To Go'

Posted 05.06.2011 | Politics

WASHINGTON -- In an interview with The Huffington Post, White House economic adviser Austan Goolsbee cheered a new, stronger-than-expected jobs report...

Eric Holder To Fraud Squad: Oil Price Plunge Should Benefit Consumers

Posted 05.06.2011 | Business

WASHINGTON -- U.S. Attorney General Eric Holder sent a memo to the federal agencies involved in the president's new Oil and Gas Price Fraud Working Gr...

Payday Loan Kingpin Praises Elizabeth Warren

Posted 05.10.2011 | Business

This article has been updated WASHINGTON -- The Chairman of the nation's largest payday lending outifit is making the rounds in the nation's capita...

'Wall Street Crude Oil Casino' Blasted By House Democrats (UPDATED)

Posted 05.11.2011 | Politics

WASHINGTON -- A cadre of top Democrats said Wednesday that heavy Wall Street speculation was driving up gas prices and blasted Republicans for pushing...

Bair: Small Banks Can Withstand Swipe Fee Crackdown

Posted 05.12.2011 | Politics

WASHINGTON -- The Federal Reserve chairman and Federal Deposit Insurance Corporation chairwoman insisted Thursday that regulating the fees banks can c...

Exxon CEO: Wall Street Is Driving Up Gas Prices By 50 Percent (VIDEO)

Posted 05.12.2011 | Business

WASHINGTON -- Exxon Mobil Chairman and CEO Rex Tillerson said Thursday that heavy Wall Street trading has driven up the price of oil well beyond the l...

Deutsche Bank Sues Foreclosure Fraud Expert's Son With No Financial Interest In Her Case

Posted 05.13.2011 | Business

This article has been updated WASHINGTON -- Deutsche Bank appears to have retaliated against a high-profile foreclosure fraud expert, whose years-l...

Protesters At JPMorgan Shareholder Meeting Demand Action On Foreclosures, Human Rights

Posted 05.17.2011 | Business

WASHINGTON -- More than 1,000 activists descended on JPMorgan Chase's annual shareholder meeting Tuesday, according to community organizers present at...

Police Mace JPMorgan Chase Protesters

Posted 05.17.2011 | Business

This article has been updated WASHINGTON -- Police maced several elderly protesters Tuesday at JPMorgan Chase's annual shareholder meeting in Colum...

Elizabeth Warren Launches Mortgage Forms Regulatory Overhaul

Posted 05.18.2011 | Business

The Consumer Financial Protection Bureau advanced its overhaul of annoying, incomprehensible mortgage forms on Wednesday in its first regulatory maneu...

Jon Tester Backpedals In Multibillion-Dollar Swipe Fee Fight

Posted 05.19.2011 | Politics

WASHINGTON -- On Wednesday, Sen. Jon Tester (D-Mont.) softened his call for a two-year delay of the regulatory crackdown on debit card swipe fees. In ...

'Awful' Florida Foreclosure Courts May Shut Down Due To GOP Budget Cuts

Posted 05.19.2011 | Politics

In a turn of events that consumer advocates are celebrating, Florida's infamous "rocket docket" foreclosure courts may be on the verge of extinction, ...

Robo-Signing Continues On Key Land Records In North Carolina

Posted 05.24.2011 | Business

WASHINGTON -- When banks were caught improperly signing off on foreclosure documents last fall, consumer advocates and property rights experts hoped t...

Top Credit Union Halts Wage Garnishing In Response To State Government Layoffs

Posted 05.24.2011 | Business

WASHINGTON -- Facing heavy government layoffs from budget cuts, the North Carolina State Employees Credit Union says it will no longer seek to garnish...

Geithner On Wall Street, Elizabeth Warren, Medicare And The Housing Crisis

Posted 05.25.2011 | Politics

WASHINGTON -- At a Politico breakfast on Wednesday, Treasury Secretary Timothy Geithner defended consumer advocate Elizabeth Warren, mocked a House GO...

Alan Simpson Still Confused About Social Security Numbers

Posted 05.25.2011 | Politics

WASHINGTON -- Former Sen. Alan Simpson (R-Wyo.) demanded cuts in Social Security Wednesday while lashing out at Republican strategist Grover Norquist,...

Obama Administration Economist Explains Departure [VIDEO]

Posted 05.27.2011 | Politics

WASHINGTON -- On the heels of his departure from the Obama administration, economist Jared Bernstein warned that Washington's political culture mislea...