The One Job in D.C. That Everyone Wants

  • Hensarling’s chairmanship of House Financial Services ending
  • Patrick McHenry is next in line, but he might not take the job

Jeb Hensarling

Photographer: Michael Nagle/Bloomberg

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In the fractious U.S. capital, everyone can agree on this: Being chairman of the House Financial Services Committee is a cushy gig.

With Jeb Hensarling’s term ending, the position will be up for grabs in January 2019 for the first time in six years. A back-bencher can only fantasize about the power, influence and access to money the job brings. House Republicans have begun to jockey for a shot at the gavel. Of course, their struggle would be fruitless if the Democrats wrestle away control of the House in the 2018 mid-term elections, a greater possibility after their victories earlier this month.