Zach Carter
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Zach Carter is The Huffington Post's Senior Political Economy Reporter, working out of Washington D.C. 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.

Blog Entries by Zach Carter

U.S. Trade Position Protecting High Drug Prices Blasted By U.N. Agencies

(672) Comments | Posted June 1, 2012 | 8:06 AM

WASHINGTON -- Two major United Nations organizations warned world leaders on Thursday to avoid restrictive free trade agreements that may threaten public health, amplifying international pressure against President Barack Obama's controversial Trans-Pacific Partnership deal.

A report issued by the U.N. Development Program and the anti-AIDS UNAIDS detailed a...

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Deval Patrick, Democratic Governor, Creates Obama Campaign Headache By Defending Bain (UPDATE)

(733) Comments | Posted May 31, 2012 | 4:30 PM

Massachusetts Gov. Deval Patrick ended up defending Republican presidential candidate Mitt Romney on Thursday during TV appearances in which the Democratic politician was supposed to be serving as a surrogate for President Barack Obama. Patrick, who has a history of ethically questionable connections to financial firms, applauded Boston-based...

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Trade Deals For Cheap Drugs In Developing Nations Stalled By U.S.

(196) Comments | Posted May 29, 2012 | 8:07 PM

WASHINGTON -- A change of heart from the Obama administration may pave the way to a groundbreaking global deal to provide lifesaving medications to developing nations. But hardline American opposition to a related treaty has delayed talks to lower the price of AIDS drugs and other critical medications in poor...

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Romney Argues Big Spending Cuts Would Cause 'Depression,' Contrary To Tea Party Activists

(16905) Comments | Posted May 25, 2012 | 1:24 PM

Republican House Speaker John Boehner and GOP Presidential nominee Mitt Romney have, in the course of the past week, pushed starkly different approaches to fiscal policy and economic recovery, a window into a broader rift within the GOP between the Tea Party and less absolutist conservatives.

Boehner, carrying the Tea...

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Obama Administration Blocks Global Health Fund To Fight Disease In Developing Nations

(668) Comments | Posted May 25, 2012 | 8:36 AM

WASHINGTON -- The Obama administration has alarmed global health experts by opposing a new international fund that would fight disease in the developing world. The new fund would require other countries to share a cost burden currently borne predominantly by United States taxpayers, but has nevertheless generated ideological opposition from...

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Trans-Pacific Partnership: Key Senate Democrat Joins Bipartisan Trade Revolt Against Obama

(9557) Comments | Posted May 23, 2012 | 8:32 PM

WASHINGTON -- Sen. Ron Wyden (D-Ore.) introduced legislation late Wednesday to protest the Obama administration's refusal to share information about controversial trade negotiations with the senator.

The administration's blockade against Wyden, who chairs a subcommittee on international trade, conflicts with its prior statements to the press, and raises concerns...

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Bernie Sanders Offers Plan To Cut Prescription Drug Prices

(1180) Comments | Posted May 19, 2012 | 9:11 AM

WASHINGTON -- Sen. Bernie Sanders (I-Vt.) is promoting a new plan to encourage the development of better, cheaper prescription drugs: an innovation fund rewarding companies for inventing important new HIV and AIDS medications. In exchange for accepting an innovation award, drugmakers would agree to sell their new medicines at low...

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Darrell Issa Questions Obama On Trans-Pacific Partnership, Leaks Key Text Of Trade Deal

(3774) Comments | Posted May 16, 2012 | 10:44 AM

WASHINGTON -- House Oversight Committee Chairman Darrell Issa (R-Calif.) has taken the unprecedented step of leaking a secret U.S. trade document, in hopes of pressuring President Barack Obama's administration into disclosing the details of a major trade deal with far-reaching implications on everything from "Buy American" contracting rules...

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Obama Wall Street Shuffle: President Plays To Populist Outrage And Campaign Finance

(100) Comments | Posted May 15, 2012 | 6:06 PM

WASHINGTON -- President Barack Obama's response to JPMorgan Chase's spectacular trading failure underscores a persistent tension in his presidency -- the need to win favor from a public still angry with Wall Street's risk renegades, while courting those same, ever-so-sensitive financiers for campaign cash. It's most often been a lose-lose...

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Pete Hoesktra, Michigan Senate Candidate, Wants To 'Kill Federal Student Loans'

(267) Comments | Posted May 14, 2012 | 3:18 PM

WASHINGTON -- A video of Republican Senate candidate Pete Hoekstra vowing to end all federal student loan programs has surfaced on YouTube, putting the Michigan conservative on the radical fringe of a hot-button 2012 campaign issue.

Speaking before a Tea Party audience in January, the newly surfaced video shows Hoekstra...

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Barney Frank Criticizes House Republican On Jobs, Wall Street Reform

(17947) Comments | Posted May 13, 2012 | 11:29 AM

WASHINGTON -- Rep. Barney Frank (D-Mass.) lit into Rep. Marsha Blackburn (R-Tenn.) on Sunday, when both appeared on ABC's "This Week."

The show started off civilly, with Frank responding to host George Stephanopoulos' questions about the political implications of President Barack Obama's endorsement of gay marriage. But when...

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Dianne Feinstein Defends Obama On Gay Marriage: 'What's Wrong With People Being Happy?'

(2047) Comments | Posted May 13, 2012 | 10:39 AM

WASHINGTON -- Sen. Dianne Feinstein (D-Calif.) defended President Barack Obama on Sunday from Republican charges that he has "flip-flopped" by speaking out in favor of marriage equality rights for same-sex couples.

When asked whether Obama had made a political calculation in endorsing gay marriage, Feinstein rejected the idea.

"I don't...

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John Thune Won't 'Foreclose Options' On Being Mitt Romney's Vice President

(856) Comments | Posted May 13, 2012 | 9:58 AM

WASHINGTON -- When asked Sunday whether he would accept an invitation to run as vice president on the ticket with presumptive GOP presidential nominee Mitt Romney, Sen. John Thune (R-S.D.) said that "you never rule out opportunities or options" in political life.

Speaking on "Fox News Sunday," Thune said that...

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Bank Of America Protests Begin At Shareholder Meeting (LATEST UPDATES)

(983) Comments | Posted May 9, 2012 | 9:18 AM

Activists from Occupy Wall Street, the environmental movement and labor unions, along with victims of home foreclosures, have begun massive demonstrations at Bank of America's shareholder meeting in Charlotte, N.C., on Wednesday morning.

(Above, video from Wednesday's protests)

Occupiers have characterized the event as a test run for...

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Occupy Bank Of America Protest Foreshadows Democratic Convention

(239) Comments | Posted May 8, 2012 | 7:18 PM

Dozens of good-government groups, Occupy Wall Street contingents, environmental activists, struggling homeowners and institutional investors are descending on Charlotte, N.C., to protest Wednesday's Bank of America shareholders' meeting. Occupiers characterize the event as a test run for activism targeting September's Democratic National Convention, and expect thousands of...

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Bank of America Targeted By Protesters And Investors As SEC Weighs Political Spending Rule

(424) Comments | Posted May 6, 2012 | 5:49 PM

WASHINGTON -- As the Securities and Exchange Commission considers requiring corporations to disclose their political spending to shareholders, a coalition of institutional investors and public interest groups are seeking to make next week's Bank of America shareholder meeting a flashpoint for getting corporate money out of politics.

Consumer watchdog Public...

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Congress Revolts On Obama Plan That Would Ban 'Buy American'

(9021) Comments | Posted May 3, 2012 | 4:18 PM

WASHINGTON -- A group of 68 House Democrats and one Republican sent a letter to President Barack Obama on Thursday urging him to reconsider an element of the controversial free trade agreement currently being negotiated by the administration. If approved in its current form, the pact would effectively

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Bank of America Protest Draws Preemptive Crackdown

(879) Comments | Posted May 1, 2012 | 6:02 PM

The city of Charlotte, N.C., has announced broad restrictions on protests planned for a May 9 Bank of America shareholders meeting, citing safety concerns. The restrictions are prompting fears that constitutionally protected civil liberties may be suppressed, and that the preemptive bans for demonstrators could serve as a preview of...

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Brad Miller, Congressman, Compares Rep. Patrick McHenry, Republicans To Keating Five

(465) Comments | Posted April 26, 2012 | 7:57 PM

WASHINGTON -- Rep. Brad Miller (D-N.C.) blasted congressional Republicans on Thursday, including fellow North Carolinian Rep. Patrick McHenry, comparing them to the notorious Keating Five, five senators disgraced for intervening to protect financial fraud felon Charles Keating from regulatory scrutiny in the 1980s.

Miller's consternation comes after the Nation

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Student Loan Reform Fight Broader For Obama Than Interest Rate Debate

(225) Comments | Posted April 25, 2012 | 3:07 PM

WASHINGTON -- On Tuesday, congressional Democrats announced plans to introduce legislation that would extend the current low interest rates on government-subsidized student loans, responding to the major public relations push from President Barack Obama. But while the issue has ginned up cable news chatter and drawn attention to...

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