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Zach Carter
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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

So That Happened: Obama's Cuba Plan Turned Some Folks Into Wind-Up-Toys Of Outrage

(174) Comments | Posted December 20, 2014 | 7:30 AM

So, that happened: This week, President Barack Obama announced that the United States would make an effort to normalize relations with Cuba, ending a decades-long policy of distance that had been surprisingly effective in doing nothing in particular. We'll talk about the new plan, and the people who are hopping...

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Fed Delays Volcker Rule, Giving Wall Street Another Holiday Gift

(359) Comments | Posted December 18, 2014 | 6:37 PM

WASHINGTON -- Christmas came early for Wall Street this year. The Federal Reserve on Thursday granted banks an extra year to comply with a key provision of the Volcker Rule, a move that gives financial lobbyists more time to kill the new regulation before it goes into effect.

...
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Elizabeth Warren: Obama Trade Deal Could Undermine Wall Street Reform

(123) Comments | Posted December 18, 2014 | 5:10 PM

WASHINGTON -- Sen. Elizabeth Warren on Wednesday warned that a major trade deal being negotiated by the Obama administration could hamstring Wall Street reform efforts.

Warren raised the issue in a letter to U.S. Trade Representative Michael Froman, which was also signed by Sens. Tammy Baldwin (D-Wis.) and Ed Markey...

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Senate Democrats Tell The SEC To Get Moving On CEO Pay Rule

(58) Comments | Posted December 16, 2014 | 4:24 PM

WASHINGTON -- Fifteen Senate Democrats including Elizabeth Warren (D-Mass.) called Tuesday for the Securities and Exchange Commission to implement a rule on CEO pay that the agency has suppressed for more than a year.

Sen. Robert Menendez (D-N.J.) organized a letter to SEC Chair Mary Jo White demanding action on...

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Cory Booker Sides With Elizabeth Warren On Washington's Wall Street Giveaway

(154) Comments | Posted December 15, 2014 | 4:14 PM

WASHINGTON -- Even Cory Booker hates the Wall Street giveaway Congress approved over the weekend.

The Democratic senator from New Jersey has received scads of progressive disdain over the years for his close ties to financial elites. But Booker diverged from his typical rhetorical deference to...

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So That Happened, Episode 13: CIA Torture Report Was Chronicle Of Depravity And Incompetence

(6) Comments | Posted December 13, 2014 | 7:30 AM

So, that happened: This week, a summary of the Senate's report on CIA torture was released into the wild, and while the redactions were thick, it nevertheless read as a thoroughgoing chronicle of depravity and incompetence that will, at the very least, ruin hummus forever. National security reporter Ali Watkins...

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The Levee Breaks: Democrats Rage Against Obama Over Wall Street Giveaway

(1057) Comments | Posted December 12, 2014 | 7:14 PM

WASHINGTON -- Less than a month after Sen. Elizabeth Warren (D-Mass.) landed a new Senate leadership position, Senate Majority Leader Harry Reid (D-Nev.), Sen. Chuck Schumer (D-N.Y.) and President Barack Obama risked a fight with her over government subsidies for risky Wall Street derivatives trading.

They won the...

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Elizabeth Warren, David Vitter Make Last-Minute Press Against Reid On 'Wall Street Giveaway'

(268) Comments | Posted December 12, 2014 | 5:27 PM

WASHINGTON -- The fight over a subsidy for risky Wall Street derivatives trading isn't over quite yet. Sens. Elizabeth Warren (D-Mass.) and David Vitter (R-La.) introduced an amendment Friday to strip out the controversial provision from the spending bill that would fund the government until next October.

The amendment forces...

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John Boehner Defends 'Wall Street Giveaway' In Omnibus Bill As Democrats Revolt

(49) Comments | Posted December 11, 2014 | 1:21 PM

WASHINGTON -- House Speaker John Boehner (R-Ohio) scrambled Thursday to defend a plan to subsidize risky Wall Street derivatives trading. The controversial provision of a bill to avert a government shutdown has sparked tremendous pushback from Democrats.

House Minority Leader Nancy Pelosi (D-Calif.) has been urging her caucus...

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Congress Prepares Empty Assault On Government Porn

(50) Comments | Posted December 11, 2014 | 7:32 AM

If you thought Congress would fend off a government shutdown without implementing three meaningless riders targeting government porn, well: You thought wrong.

The so-called cromnibus, which will fund most of the federal government's operations through next year, includes a host of provisions that are hard for members of...

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Democrats Revolt Against 'Wall Street Giveaway' In Deal To Prevent Government Shutdown

(417) Comments | Posted December 10, 2014 | 4:54 PM

WASHINGTON -- Democrats on Wednesday raged against a government funding bill that would provide taxpayer subsidies to risky Wall Street derivatives trading.

"The House of Representatives is about to show us the worst of government for the rich and powerful," said Sen. Elizabeth Warren (D-Mass.) on the Senate floor. She...

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Tears Of Sisyphus: Republicans Resurrect ACORN, Only To Murder It. Again.

(280) Comments | Posted December 9, 2014 | 10:35 PM

WASHINGTON -- Great empires rise and fall, rise again. Byzantium survives in splendor as Rome collapses before the barbarian hordes.

So it has been with ACORN. So it shall be.

Fear not, America. House Republicans have resumed their war on the Association of Community Organizations for Reform Now, an...

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Elizabeth Warren Joins Revolt Against Wall Street Deal In Government Shutdown Talks

(198) Comments | Posted December 9, 2014 | 9:08 AM

WASHINGTON -- Progressive Democrats balked at a deal Monday night that would provide taxpayer backing for risky Wall Street trading, roiling negotiations to stave off a government shutdown just days before the deadline.

Bank lobbyists have been pushing the provision for several days, earning the ire of bank-reform-minded...

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Can The Cops Be Stopped Before They Kill Again?

(124) Comments | Posted December 6, 2014 | 7:30 AM

So, that happened: This week, hard on the heels of the Ferguson grand jury decision, a grand jury in New York City returns no indictment on the police officer who choked Eric Garner to death on the streets of Staten Island. Can the cops be stopped before they kill again? 

...
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Government Shutdown Talks May Gut Retirement Security Rule

(740) Comments | Posted December 5, 2014 | 8:15 PM

WASHINGTON -- One casualty of the House budget talks to avert a government shutdown may be a proposed rule requiring investment advisers to act in the best interests of their clients, according to multiple House Democratic sources.

Labor activists and financial reform experts have heralded the rule as a...

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Wall Street Demands Derivatives Deregulation In Government Shutdown Bill

(313) Comments | Posted December 4, 2014 | 8:47 PM

WASHINGTON -- Wall Street lobbyists are trying to secure taxpayer backing for many derivatives trades as part of budget talks to avert a government shutdown.

According to multiple Democratic sources, banks are pushing hard to include the controversial provision in funding legislation that would keep the government operating after Dec....

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Let's Draft Fewer Wall Streeters Into Washington For A Change

(44) Comments | Posted December 3, 2014 | 7:35 AM

Public service -- should we do more to encourage people to participate in it? Absolutely, yes. America's strength is derived from a citizenry of diverse talents, histories and backgrounds, and when they come together to place a hand on the tiller of this great enterprise, our nation can accomplish amazing...

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Strange Bedfellows Are Blocking The McConnell-Obama Trade Deal

(219) Comments | Posted December 3, 2014 | 12:32 AM

WASHINGTON -- Sen. Mitch McConnell (R-Ky.) has been dreaming about cutting major deals as Senate majority leader for most of his career. Next year, he'll finally get the chance to do it with the Trans-Pacific Partnership, the most ambitious free trade agreement since the Clinton era. The only...

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Obama Threatens To Veto Corporate Tax Cut Deal For Locking Out Middle Class

(603) Comments | Posted November 25, 2014 | 4:18 PM

WASHINGTON -- The Obama administration on Tuesday threatened to veto a bipartisan tax deal that would reportedly create permanent tax perks for corporations without advancing key tax breaks for middle- and low-income families.

"The President would veto the proposed deal because it would provide permanent tax breaks to...

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Republicans Are Blocking The Only Congressional Response To Ferguson

(269) Comments | Posted November 24, 2014 | 6:59 PM

WASHINGTON -- The only Congressional response to this summer's brutal police crackdown in Ferguson, Missouri appears to be dead, with the House GOP leadership blocking a vote on a bipartisan bill introduced by Reps. Hank Johnson (D-Ga.) and Raul Labrador (R-Idaho).

The legislation seeks to curb controversial...

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