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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

Republicans Defend Obama's Trade Pact While Pressing To Deregulate Banks

(0) Comments | Posted January 27, 2015 | 2:39 PM

WASHINGTON -- Senate Republicans on Tuesday offered to help President Barack Obama pass a sweeping trade package, while pressing for measures to deregulate finance and raise the price of prescription drugs.

Sens. Orrin Hatch (R-Utah), John Cornyn (R-Texas), Rob Portman (R-Ohio) and others repeatedly praised the top Obama trade official,...

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Senate Democrats Join GOP Attack On Financial and Environmental Regulation

(63) Comments | Posted January 26, 2015 | 5:09 PM

WASHINGTON -- Four Senate Democrats are working with Republicans to help the U.S. Chamber of Commerce and other GOP-affiliated lobbying groups undermine financial and environmental regulations.

A new bill would significantly change the way government agencies write rules, weighing regulators down with new costs and opening the door to a...

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Environmentalists Reject Obama's Call For Expanded Trade Powers

(20) Comments | Posted January 21, 2015 | 11:30 AM

WASHINGTON -- Nearly 50 environmentalist organizations sent a letter Wednesday to every member of Congress, urging them to oppose granting President Barack Obama "fast-track" authority to pass new free trade deals.

The letter, signed by the Sierra Club, the National Resources Defense Council, Earthjustice and dozens of other groups, comes...

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So That Happened: Against All Logic, A 2012 Loser Is Reborn

(47) Comments | Posted January 17, 2015 | 7:30 AM

So that happened: This week, the 2016 presidential race was roiled by the announcement that former GOP nominee and 2012 loser Mitt Romney was, against all logic, getting his band back together to mount yet another run for the White House. This has baffled everyone, including The Huffington Post's Amanda...

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Bernie Sanders Agrees With Goldman Sachs .. Sort Of

(46) Comments | Posted January 16, 2015 | 7:30 AM

WASHINGTON -- Sen. Bernie Sanders (I-Vt.) doesn't often find common cause with Goldman Sachs. But when it comes to breaking up the world's biggest bank, Sanders is on the same page as a team of Goldman analysts.

“Goldman Sachs is right," Sanders said Thursday in a statement provided to HuffPost....

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How The Chamber Became The Most Powerful Group That Each Party Kinda Hates

(49) Comments | Posted January 14, 2015 | 8:39 PM

WASHINGTON -- Forty-plus minutes into his annual press conference on the state of American business, U.S. Chamber of Commerce President and CEO Tom Donohue fielded a question from The Washington Post's Dana Milbank.

Known for his burlesque takes on insider-Washington events, Milbank asked if the current good economic news had...

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House Republicans Approve New Perk For Wall Street

(366) Comments | Posted January 14, 2015 | 12:38 PM

WASHINGTON -- House Republicans on Wednesday pushed through a bill that would delay a key section of the Volcker Rule, ignoring staunch opposition from Democrats and a veto threat from President Barack Obama.

The vote of 271-154 included just 29 Democratic supporters. Rep. Walter Jones (R-N.C.), a persistent opponent of...

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Second Verse, Same As The First: Republicans Prepare Another Dodd-Frank Attack

(316) Comments | Posted January 12, 2015 | 9:24 PM

WASHINGTON -- It's official: House Republicans will again try to hamstring the Volcker Rule, after Democrats knocked down a previous effort last week.

The vote will come within days, if not hours. Under conditions laid down by the House Rules Committee late Monday, the...

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House Democrats Break With Obama By Calling For Wall Street Tax

(95) Comments | Posted January 12, 2015 | 2:46 PM

WASHINGTON -- House Democrats on Monday unveiled a plan to cut taxes for middle-class families that would be paid for in part by a new tax on Wall Street trading.

The proposal, laid out by Rep. Chris Van Hollen (D-Md.), the top-ranking Democrat on the House Budget Committee,...

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Why These Democrats Flipped To Defeat Wall Street Deregulation

(673) Comments | Posted January 10, 2015 | 7:30 AM

WASHINGTON -- Anyone who wants to understand the current state of the Democratic Party should pay close attention to what happened this week in the House of Representatives, where Democrats cut down a GOP-backed Wall Street deregulation bill. In response, the bill's supporters avoided talking about who the legislation would...

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Jim Himes Thinks Deregulating $100 Billion In Risky Debt Is 'A Tweak'

(21) Comments | Posted January 8, 2015 | 6:24 PM

WASHINGTON -- Rep. Jim Himes (D-Conn.) on Thursday defended an 11-point Wall Street deregulation bill that his own party defeated on the House floor the day before. Himes echoed GOP talking points to criticize Democrats who opposed the legislation, while insisting that public unrest over big bank favors was all...

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After Surprising Defeat, House GOP Vows To Make A Second Run At Relaxing Wall Street Reform

(266) Comments | Posted January 8, 2015 | 6:05 PM

WASHINGTON -- House Republicans, dealt a surprising defeat Wednesday evening in their effort to roll back Wall Street reform, decided Thursday to make another run at relaxing regulations on banks.

Republicans brought the bill, which would delay the so-called Volcker Rule, to the House floor under a suspension of...

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Democrats Knock Down GOP Bill To Delay Wall Street Reform

(733) Comments | Posted January 7, 2015 | 6:18 PM

WASHINGTON -- House Democrats on Wednesday knocked down a GOP bill that would have delayed a key Wall Street reform known as the Volcker Rule, stunning Republican leaders who had expected it to pass with ease.

House Minority Leader Nancy Pelosi (D-Calif.) pushed a critical bloc of Democrats...

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Democrats Rail Against GOP Bill To Delay Volcker Rule

(15) Comments | Posted January 7, 2015 | 2:18 PM

WASHINGTON -- Congressional Democrats Wednesday ripped a GOP bill to delay a key Wall Street reform, raising the stakes of what Republican leaders had expected to be an easy vote into a political showdown.

At issue is a bill that would grant banks a two-year reprieve from part...

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Happy New Year, Wall Street: Congress Has Another Gift For You

(350) Comments | Posted January 6, 2015 | 9:38 PM

WASHINGTON -- After stuffing Wall Street's stockings in December with subsidies for risky trading, the House of Representatives plans to wish big banks a happy New Year on Wednesday by hacking up and delaying the Volcker Rule.

The Volcker Rule is a key reform adopted after the 2008...

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Rep. Kevin Yoder Claims Spurring More Risky Bets Will Make Banking Safer

(95) Comments | Posted January 6, 2015 | 7:28 PM

WASHINGTON -- Rep. Kevin Yoder (R-Kan.) has finally chosen to defend his role in passing a bill to subsidize Wall Street derivatives trades after going politically MIA when the issue exploded in mid-December.

The controversial measure eliminated a key rule from the 2010 Dodd-Frank financial reform law that...

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Bernie Sanders' Brutal Letter On Obama's Trade Pact Foreshadows 2016 Democratic Clash

(364) Comments | Posted January 5, 2015 | 7:49 PM

WASHINGTON -- Progressive unrest over free trade policies is shaping up to be a major issue in the contest for the 2016 Democratic presidential nomination, if a strongly worded letter from Sen. Bernie Sanders (I-Vt.) to the top Obama administration trade official is any sign.

Sanders has been...

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

(184) 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

(364) 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

(126) 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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