iOS app Android app

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

Obama Will Probably Be Annoyed With Bill Clinton's Latest Corporate Tax Proposal

(142) Comments | Posted September 23, 2014 | 7:17 PM

During an interview with CNBC on Tuesday, former President Bill Clinton called to cut corporate taxes and give companies a break on money stashed overseas, dinging President Barack Obama's latest effort to combat corporate tax-dodging.

When asked what should be done about corporate inversion transactions, Clinton responded with a host...

Read Post

How The NFL Sacked Itself Into A Decrepit Scandal Factory

(33) Comments | Posted September 20, 2014 | 7:30 AM

So, that happened: The NFL's scandals reminded lawmakers how much they love showering benefits on rich people who don't need help. Newt Gingrich took a break from paying down all his campaign debt. And U.S. poverty declined by 0.5 percent, prompting policymakers to break out the champagne.

Listen to this...

Read Post

House Votes To Audit The Fed... And Deregulate Wall Street

(858) Comments | Posted September 17, 2014 | 6:34 PM

WASHINGTON -- The House of Representatives voted overwhelmingly to audit the Federal Reserve on Wednesday, a broadly bipartisan call for financial reform that accompanied two other bipartisan votes providing government perks to Wall Street on everything from higher mortgage fees to speculation in securities markets.


Read Post

Newt Gingrich Is Why America Can't Have Nice Things

(106) Comments | Posted September 16, 2014 | 7:53 PM

WASHINGTON -- There's something disconcerting about watching Newt Gingrich take the stage to deliver a policy speech in 2014.

To most Americans, Gingrich is a charming curiosity: His latest stint with public relevancy was a quixotic 2012 presidential bid in which he visited many of the nation's

Read Post

Lobbyists For Syrian Rebels To Woo Congress For Funding In Closed-Door Meeting

(20) Comments | Posted September 15, 2014 | 5:09 PM

WASHINGTON -- Lobbyists for the Free Syrian Army will meet with members of Congress and staffers from both political parties in a closed-door meeting on Tuesday morning in an effort to persuade the U.S. government to provide weapons and training to the rebel group, according to emails from House staffers...

Read Post

Obama Finds An ISIS Strategy While Congress... Privatizes Asteroids? Really?

(113) Comments | Posted September 12, 2014 | 2:15 PM

So, that happened: Fresh off polls indicating that a majority of Americans now believe that the Islamic State (or, if you prefer, ISIS or ISIL) poses a threat to the United States, the Obama administration has embarked on the third chapter of the Iraq War trilogy -- with the president...

Read Post

Why The Top GOP Corporate Lobbying Group Is Fudging The Math To Help Democrats

(23) Comments | Posted September 11, 2014 | 8:15 PM

WASHINGTON -- America's flagship corporate lobbying group seems to have a problem with math.

The U.S. Chamber of Commerce is a reliable backer of the Republican Party. So it was unusual to see the organization invoke a narrative straight out of the Democratic Party playbook last week, calling for the...

Read Post

Alan Grayson Zings Both Sides Of Aisle With Export-Import Bank Bill

(9) Comments | Posted September 9, 2014 | 3:37 PM

WASHINGTON -- As Congress reconvenes after its August recess, a major source of political drama is the Export-Import Bank and whether a deep divide in the House GOP over renewing the government agency will lead to a shutdown.

But there's another rift in the Ex-Im ether underscored by a new...

Read Post

Congress Could Privatize Asteroids, Because There Isn't Anything Else To Do

(21) Comments | Posted September 9, 2014 | 1:47 PM

WASHINGTON -- An awful lot of important issues are not likely to get a vote from House Republicans in the final two-week congressional session before the November elections. If all goes well, Congress will declare victory over the term by passing a bill to avoid a government shutdown. But House...

Read Post

A Pointless Anti-Porn Rider Is Congress' Latest Obsession

(123) Comments | Posted September 8, 2014 | 6:41 PM

WASHINGTON -- Congress was on the verge of another big mess in early March of 2013. After months of posturing and negotiating, a self-inflicted shutdown seemed all too probable, with funding for the federal government expiring in just a few weeks.

That time, lawmakers managed to accomplish what just about...

Read Post

Bob McDonnell's Trial Comes To Merciful End, But The Weirdness And The Shame Remain

(150) Comments | Posted September 6, 2014 | 11:47 AM

So, that happened: Former Virginia Gov. Bob McDonnell's (R) career as a professional defendant has finished its first big story arc, with he and wife Maureen being convicted of 20 counts of corruption between them. The convictions were, perhaps, the result that close observers could have seen coming...

Read Post

Why Eric Cantor Sold Out Ridiculously Cheap

(59) Comments | Posted September 5, 2014 | 4:44 PM

The world is full of dorky bank stuff. Dorky bank stuff makes some people very rich, and far more people very poor, and still more people very confused. Face it: Ever since Wall Street blew up in 2008, you've wanted to know more about dorky bank stuff. And you've learned...

Read Post

Elizabeth Warren Defends Israeli Shelling of Gaza Schools, Hospitals

(1294) Comments | Posted August 28, 2014 | 6:59 PM

The Israeli military has the right to attack Palestinian hospitals and schools in self defense if Hamas has put rocket launchers next to them, Sen. Elizabeth Warren (D-Mass.) said last week at a local town hall, according to the Cape Cod Times.

Warren, in defending her vote to...

Read Post

Elizabeth Warren Attacked By Club For Growth For Supporting Export-Import Bank

(34) Comments | Posted August 27, 2014 | 1:15 PM

WASHINGTON -- The Club For Growth is targeting Sen. Elizabeth Warren (D-Mass.) with a web video attacking her support for the Export-Import Bank, intensifying the conservative effort to take the populist economic mantle away from the Democratic Party.

Warren is tremendously popular among Democrats, and has built her...

Read Post

House Republicans Are Trying To Make Money Laundering A Lot Easier

(399) Comments | Posted August 27, 2014 | 7:38 AM

WASHINGTON -- House Republicans are agitating to dramatically curb federal bank regulators' ability to combat money laundering, calling for changes in decades-old financial fraud standards in an effort to aid payday lenders.

Moving illegal cash through the financial system has long been barred by money laundering laws. But under a...

Read Post

Why Congress Is Reluctant To Stop The Military Toys Flowing To Local Cops

(65) Comments | Posted August 18, 2014 | 3:58 PM

WASHINGTON -- The militarized police response to protests in Ferguson, Missouri, is forcing members of Congress to explain their ongoing support for a Pentagon program that provides local law enforcement with weapons used in war zones -- and how, if at all, they plan to change it.

House lawmakers

Read Post

This Company Is Profiting From Police Aggression In Ferguson

(17) Comments | Posted August 14, 2014 | 6:41 PM

WASHINGTON -- If there's a winner from the militarized police aggression in Ferguson, Missouri, it would have to be the tear gas industry.

Officers bombarded city streets with tear gas for hours on Wednesday night, bathing Ferguson in a noxious cloud. At times, the police assault appeared to

Read Post

Tea Party Leader Jim DeMint Botches 'Socialistic' Op-Ed

(112) Comments | Posted August 13, 2014 | 3:21 PM

WASHINGTON -- Congress is out of session, but the lobbying struggle over reauthorizing the Export-Import Bank is as hot as ever. On Monday, former Sen. Jim DeMint (R-S.C.) published a scathing op-ed in the Capitol Hill publication Roll Call laying into the bank's president for pushing "socialized capitalism."

Read Post

Koch-Backed Senate Hopeful Invested In Startup That Owes $100,000 In Delinquent Taxes

(212) Comments | Posted August 13, 2014 | 12:12 PM

Republican Senate hopeful Monica Wehby's campaign touts her private sector experience, emphasizing that as a doctor, she ran a small business and "created jobs." But the Oregon candidate's investment history includes a significant stumble.

Wehby owns a stake in a flailing beef startup that owed more than $100,000...

Read Post

The Federal Reserve Is Telling Us The Economy Is Pitiful

(305) Comments | Posted August 7, 2014 | 4:31 PM

Fewer than one-third of Americans report being better off financially than they were five years ago, with weak household savings and hefty debt burdens holding back large segments of the economy, according to a new Federal Reserve survey.

Just 30 percent of survey respondents described themselves as better...

Read Post