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Zach Carter
Zach Carter is The Huffington Post's Senior Political Economy Reporter, working out of Washington D.C. His story, "Swiped: Banks, Merchants and Why Washington Doesn't Work for You," written with Ryan Grim, was included in the Columbia Journalism Review's compilation Best Business Writing 2012. He previously worked as AlterNet's Economics Editor, blogged about economic policy at Campaign For America's Future and served on the steering committee at Americans for Financial Reform. Before any of that, he worked as a banking reporter for SNL Financial News. Email him at zach dot carter at huffingtonpost dot com.

Entries by Zach Carter

Barney Frank Wants Elizabeth Warren To Run For President. He Just Doesn't Want Her To Win.

(2) Comments | Posted August 1, 2014 | 8:26 AM

WASHINGTON -- Former Rep. Barney Frank (D-Mass.) is keen on the current activist campaign to draft Sen. Elizabeth Warren (D-Mass.) into a 2016 presidential run. But he's going to support Hillary Clinton anyway.

"I think it's a good thing," Frank told HuffPost about the Ready for Warren campaign,...

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Fox Panel Trashes Republicans On Border Crisis

(294) Comments | Posted July 27, 2014 | 11:18 AM

WASHINGTON -- A Fox panel on Sunday strongly criticized Republicans for resisting immigration reform and calling to quickly deport thousands of children who are currently in U.S. custody after fleeing violence in Central America.

During a segment on "Fox News Sunday," host Chris Wallace pressed the panel, made up of...

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New GOP Leader Won't Take Impeachment Off The Table

(1703) Comments | Posted July 27, 2014 | 10:17 AM

WASHINGTON -- Incoming House Majority Whip Steve Scalise (R-La.) refused on Sunday to take impeaching President Barack Obama off the table if Obama takes executive action to limit deportations.

On "Fox News Sunday," host Chris Wallace asked Scalise, who was recently elected majority whip, if the House would consider impeachment....

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Koch Brothers Throw More Money Behind Long-Shot GOP Senate Challenger Monica Wehby

(36) Comments | Posted July 25, 2014 | 5:41 PM

WASHINGTON -- The Koch brothers are making a big push for long-shot Republican Senate hopeful Monica Wehby, increasing their advertising spending on behalf of the Oregon candidate to $3.6 million.

Webhy's policy platform, meanwhile, is lining up squarely with that of the Kochs. The Oregonian, a Portland newspaper,...

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Obama Calls Out American Companies For 'Gaming The System'

(276) Comments | Posted July 24, 2014 | 5:58 PM

In a CNBC interview on Wednesday, President Barack Obama took aim at corporate inversions -- deals where a U.S. company keeps its operations at home, but moves its formal address overseas to avoid paying taxes.

"Companies thrive in the United States in part because they benefit from the...

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How Putin Is Shaping The Next U.S. Free Trade Deal

(13) Comments | Posted July 24, 2014 | 8:00 AM

WASHINGTON -- Three dozen environmental groups sent a letter to the Obama administration on Thursday asking it to reject part of a proposed trade deal with the European Union that would give a major boost to fracking in the U.S.

Multiple sets of documents leaked recently show...

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Republicans Demand More Lousy Loans For Black People

(50) Comments | Posted July 23, 2014 | 7:02 PM

WASHINGTON -- A congressional hearing to examine the legacy of President Barack Obama's 2010 Wall Street reform law quickly devolved into a partisan mess Wednesday, with Republicans demanding more loans to low-income minority borrowers, decrying mergers of small banks and pitying the regulatory burden of a community banker who's exempt...

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Look At Chuck Schumer's Ancient Phone

(17) Comments | Posted July 22, 2014 | 12:17 PM

DETROIT -- He is one of the most powerful people in Washington. A legendary political strategist. A prolific fundraiser with deep ties to America's wealthiest industries. A senator who can get almost anyone in the country on the phone within minutes.

But that phone will be an ancient LG flip-phone....

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Chris Dodd Warns Of Coalition Between Populist Democrats And Republicans

(19) Comments | Posted July 16, 2014 | 4:48 PM

WASHINGTON -- The rise of anti-corporate conservatives is a significant threat to the American banking establishment, according to former Sen. Chris Dodd (D-Conn.), who warned a gathering of Beltway centrists on Tuesday about a potentially formidable coalition between hard-line banking critics in both parties.

"'Crony capitalism' is not a word...

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Darrell Issa's Latest Circus Has Lawmakers Shocked That DOJ Fights Fraud

(408) Comments | Posted July 15, 2014 | 8:26 PM

WASHINGTON -- On Tuesday, Republicans on the House Financial Services Committee took up Rep. Darrell Issa's crusade against the Department of Justice's efforts to root out petty fraud.

"In essence, this is a government hit list!" declared Rep. Patrick McHenry (R-N.C.), in what could have been confused for a comment...

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Improving Economy Means Less Slack In Men's Waistbands

(9) Comments | Posted July 15, 2014 | 5:12 PM


WASHINGTON -- Economists have been looking at people's underwear for decades and this year things are looking good.

Gross, you say? Perhaps, but underwear sales do happen to be one of quirkiest economic metrics ever created by a Federal Reserve chairman.


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Top Spy Agency Has Hilariously Appropriate Welcome Message

(3) Comments | Posted July 14, 2014 | 1:39 PM

You have to credit them for consistency. If you call the The Office of the Director of National Intelligence, you'll be greeted with an appropriate welcome message. Take a listen:

The office oversees and coordinates all U.S. intelligence work at both civilian and military...

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Elizabeth Warren Splits Progressives On Mortgage Reform

(162) Comments | Posted July 14, 2014 | 7:35 AM

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) is dividing Wall Street critics in Congress by leading talks regarding a controversial Fannie Mae and Freddie Mac reform bill that some of her usual allies would prefer to abandon.

Warren is negotiating with Sens. Bob Corker (R-Tenn.) and Mark Warner (D-Va.) over a...

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Justin Amash Got A Big Raise From His Dad Just Before Loaning His Campaign Money

(50) Comments | Posted July 2, 2014 | 11:29 AM

WASHINGTON -- Rep. Justin Amash (R-Mich.) received a handsome bonus from his father's company in 2010, the same year he first ran for Congress and loaned a similarly large sum of money to his campaign, according to disclosure documents released by his office.

The timing of the bonus and loans...

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How The U.S. Team Escaped The 'Group Of Death,' We Think

(0) Comments | Posted June 26, 2014 | 7:27 PM

WASHINGTON -- What does it sound like when HuffPost Raconteur Jason Linkins and HuffPost Senior Political Economy Raconteur Zach Carter take a break from all the political chatter to sit down and talk about sports?

Find out by listening to them discuss the nail-biting World Cup match between the U.S....

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How A House Holy War Over 'Corporate Welfare' May Shut Down The Government

(329) Comments | Posted June 26, 2014 | 7:40 AM

WASHINGTON -- Congress is gearing up for another government shutdown, this time over a minor federal agency that most Americans have never heard of: the Export-Import Bank.

Ex-Im, as it's known in Capitol Hill parlance, provides cheap loans to foreign companies who want to buy U.S.-manufactured goods, particularly...

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House Passes Bill To Aid Koch Brothers, Deregulate Wall Street

(1092) Comments | Posted June 24, 2014 | 4:33 PM

WASHINGTON -- The U.S. House of Representatives on Tuesday passed a financial deregulation package that would benefit the Koch brothers and the nation's largest banks by a vote of 265-143.

The legislation would significantly weaken elements of the 2010 Dodd-Frank financial reform law dealing with derivatives -- the complex products...

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Former Congresswoman Now Officially Working For Wall Street

(105) Comments | Posted June 20, 2014 | 3:51 PM

WASHINGTON -- Future Sen. Elizabeth Warren (D-Mass.) and her longtime aide Dan Geldon made the rounds in the House of Representatives throughout 2009, looking to persuade as many Financial Services Committee members as they could to sign off on her idea for an agency dedicated to protecting consumers from financial...

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Rising GOP Star Jeb Hensarling May Undercut His Own Crusade

(22) Comments | Posted June 19, 2014 | 4:50 PM

WASHINGTON -- When Rep. Jeb Hensarling walked into the Lehrman auditorium at the Heritage Foundation in late May, it was ostensibly to give a speech on the perils of crony capitalism and the Republican Party's troubling relationship with big business. But everyone in attendance knew the event was serving double...

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Democrat Invokes Ugly Conservative Anti-Muslim Event At Human Rights Markup

(13) Comments | Posted June 19, 2014 | 2:53 PM

Rep. Gerry Connolly (D-Va.) invoked this week's ugly anti-Muslim Heritage Foundation panel during a markup of a human rights bill Thursday, suggesting that such intolerance at home undercuts the American government's calls for reform abroad.

"I believe that the Baha'i resolution that we have today has...

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