iOS app Android app

Zach Carter
GET UPDATES FROM 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

GOP: Deregulate Wall Street, Or The Roman Empire Will Fall

(3) Comments | Posted July 28, 2015 | 11:57 AM


WASHINGTON -- With Democrats already within the very walls of the U.S. Capitol and financial reform taking hold in the provinces, congressional Republicans issued a stark warning this week: Repeal Dodd-Frank, or the Roman Empire will fall.


Former Sen. Phil Gramm (R-Texas) returned to Washington on Tuesday...

Read Post

Obama Shrugs Off Global Slavery To Protect Trade Deal

(6) Comments | Posted July 27, 2015 | 1:06 PM


WASHINGTON -- The Obama administration outraged human rights advocates on Monday by removing Malaysia from its list of the world's worst human trafficking offenders -- a move that the activists said damages U.S. credibility -- simply to boost the president's trade agenda. 


"The Administration has turned its...

Read Post

Hillary Clinton's Economic Speech A Total Letdown

(23) Comments | Posted July 24, 2015 | 4:19 PM

Hillary Clinton gave a speech Friday that pledged to combat dodgy corporate management but offered only soft-touch policy solutions that included significant tax breaks for wealthy investors.

Advisors billed the talk as a major rollout of Clinton’s economic agenda. The candidate herself pitched her proposals as a way to...

Read Post

Republicans Want Private Debt Collectors To Replace IRS Agents

(15) Comments | Posted July 23, 2015 | 5:05 PM

WASHINGTON -- Senate Republicans want to replace IRS agents with private debt collection agencies, which are known to harass people for overdue credit card bills and student loan payments.

GOP senators have conjured up a host of exotic program cuts to pay for highway construction, which was once considered routine...

Read Post

Senator: Germany Has 'Damaged' Europe To Help Big Banks At Greece's Expense

(1) Comments | Posted July 23, 2015 | 1:43 PM

WASHINGTON -- Sen. Sherrod Brown (D-Ohio) says the German government has refused to take responsibility for its biggest banks, whose reckless lending spurred the current Greek debt crisis.

During a recent interview for HuffPost's "So, That Happened" podcast, Brown argued that the German government has "damaged" the European project by insisting...

Read Post

Donald Trump Is A Plutocrat Populist From Hell

(0) Comments | Posted July 22, 2015 | 1:13 PM


Seven years after the financial crisis, the Republican Party has finally found its populist champion, and his name is Donald Trump. 


Yes, Trump's presidential campaign is a racist clownshow. And no, polls from July 2015 don't say very much about who will be president in January 2017....

Read Post

Elizabeth Warren Nails GOP Financial Exec

(27) Comments | Posted July 21, 2015 | 6:21 PM

WASHINGTON -- When a financial executive refuses to answer basic questions about personal finance, you know he's in...

Read Post

Senate Republicans Think Herbalife Is A Good Model For Your Retirement Savings

(20) Comments | Posted July 20, 2015 | 8:22 PM


WASHINGTON -- In 2010, Citigroup decided to sell what was widely regarded as one of its dodgiest operations. The struggling Wall Street titan was trying to streamline its management structure and upgrade its reputation after a massive government bailout, and one line of business its executives could live...

Read Post

Senators Press Kerry On Slavery About-Face

(0) Comments | Posted July 15, 2015 | 10:13 AM

WASHINGTON -- A group of 19 senators led by Robert Menendez (D-N.J.) sent a letter to Secretary of...

Read Post

Why Do Conservatives Love The Grateful Dead? We Ask Tucker Carlson.

(106) Comments | Posted July 15, 2015 | 7:34 AM

The Grateful Dead were once the embodiment of all things hippie and anti-establishment: free love, plenty of drugs, and nobody cares about your career, man. So why do guys wearing bow ties and salmon pants like the Dead these days? We asked bow-tie and salmon-pants model Tucker Carlson, who also...

Read Post

Bernie Sanders: The Cable Bill Is Too Damn High

(2077) Comments | Posted July 10, 2015 | 4:52 PM

WASHINGTON -- Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.) sent a letter on Friday accusing big cable companies of using monopoly powers to muscle consumers into paying higher prices.

In the letter, addressed to Federal Communications Commission Chairman Tom Wheeler, Sanders and Warren wrote that mega-mergers have left over...

Read Post

Key Democrat Rails Against 'Political Interference' In Obama's Human Rights Report

(41) Comments | Posted July 10, 2015 | 3:21 PM

WASHINGTON -- Sen. Robert Menendez (D-N.J.) said Friday that he would consider calling for an inspector general to investigate if the State Department removes Malaysia from its official list of the world's worst human-trafficking offenders.

Speaking on a conference call with reporters, Menendez and human rights advocates decried

Read Post

World-Historical Deadbeats Demand Greece Pay Up, To Which Thomas Piketty Says 'LOL'

(56) Comments | Posted July 10, 2015 | 7:36 AM

So that happened. On this week's podcast, we examine the austerity battles in Greece, break down the latest stage of the Iran nuclear talks, and get a real world account of what happens when Congress cuts off your access to food. Plus, the Daily Caller's Tucker Carlson is a huge...

Read Post

Turns Out Obama Wasn't Targeting Porn, Guns, Gambling And Payday Loans After All

(222) Comments | Posted July 9, 2015 | 12:18 AM

WASHINGTON -- A Justice Department investigation has cleared its consumer protection lawyers of Republican charges they engaged in a multi-agency conspiracy to shut down industries disfavored by the Obama administration, including online pornography and payday lending.

The internal probe, launched in response to concerns raised by congressional Republicans, found “no...

Read Post

Obama To Upgrade Malaysia On Human Rights Despite Mass Graves

(298) Comments | Posted July 8, 2015 | 10:08 PM

WASHINGTON -- The Obama administration will remove Malaysia from its official list of the world's worst human trafficking offenders, according to Reuters, a move human rights advocates fear will damage U.S. credibility.

The maneuver would allow the administration to continue negotiating a controversial trade agreement with Malaysia and...

Read Post

Why Obama Is Leaving Greece To Fend For Itself Against Germany

(265) Comments | Posted July 8, 2015 | 3:15 PM

WASHINGTON -- The Obama administration is effectively sitting out the contentious talks over the festering economic crisis in Greece, despite increasingly extreme demands from the German government in the wake of last week's Greek referendum.

The cautious American position marks a dramatic reversal in tone from President Barack Obama's February...

Read Post

Civilized Nations Don't Put Children In Brutal Prisons, So Why Do We?

(171) Comments | Posted July 2, 2015 | 5:45 PM

So that happened. On this week's podcast, Dana Liebelson joins us to discuss her recent exposé of the prison system in Michigan, where children -- commingled with adult criminals -- are being broken, not rehabilitated. Plus: We discuss last week's marriage equality ruling and this week's new overtime...

Read Post

Jeb Bush Tax Returns Reveal Almost Nothing About His Wall Street Connections

(166) Comments | Posted June 30, 2015 | 8:08 PM

WASHINGTON -- Republican presidential contender Jeb Bush on Tuesday released 33 years of tax returns that reveal almost nothing about his controversial Wall Street business dealings since he left office as governor of Florida in 2007.

Over those 33 years, Bush reported total income of $44.3 million in 2014 inflation-adjusted...

Read Post

Clarence Thomas Has The Weirdest Dissent To The Marriage Equality Case

(554) Comments | Posted June 26, 2015 | 2:16 PM

WASHINGTON -- Justice Antonin Scalia may have penned the most colorful dissent to Friday's landmark Supreme Court ruling on marriage equality, but his colleague Clarence Thomas wrote the weirdest.

Thomas, alone among the four dissenting justices, seemed to recognize that the legal reasoning he...

Read Post

Senate Grants Obama Fast-Track Trade Authority After Contentious Battle

(383) Comments | Posted June 24, 2015 | 4:35 PM

WASHINGTON -- The Senate made it official on Wednesday, granting President Barack Obama the power to streamline passage of major trade pacts with Pacific Rim nations and the European Union by a vote of 60 to 38.

The approval of Trade Promotion Authority doesn't guarantee the passage of the Trans-Pacific...

Read Post