Casten drums up support for Financial Services bid

Rep. Sean Casten, D-Ill., has been discreetly soliciting Democratic support for a potential run for the chairmanship of the House Financial Services Committee, according to sources familiar with the matter. If Casten decides to pursue the position, his current Democratic counterpart, Rep. Maxine Waters, D-Calif., could view it as a significant shift in leadership.

Casten, 54, reportedly expressed his intentions not to run to Waters, 88, after Politico earlier reported his interest in the role. Waters currently serves as the top Democrat on the committee, having held the position since 2013.

The Congressional Black Caucus has been cautious about the prospect of challenges to its members, including Waters, who often assume leadership roles. Casten, a former energy entrepreneur, serves as the vice ranking member of the committee and joined Congress following the Democratic wave election in 2018.

Casten's office declined to provide any comment, while Waters' office did not respond to a request for information. Democrats are also considering potential changes to committee rules, which could result in committee realignments. Some proposals aim to clarify what it means to be a member "in good standing," potentially imposing conditions for serving on top committees or participating in leadership roles, such as paying dues in full or voting with the caucus on procedural matters.

The potential Casten-Waters contest could be another flashpoint in House Democrats' ongoing generational shift. The departure of President Joe Biden from the race for re-election has sparked discussions about age and seniority within the caucus, leading younger Democrats to challenge more established committee leaders in recent years.

Upcoming House Democrats will face competitive races for leadership positions, including the vice chair position, as well as other downballot caucus roles. Additionally, Rep. Jahana Hayes, D-Conn., is challenging Rep. Bobby Scott, D-Va., for the chairmanship of the Education and Workforce Committee, with Rep. Suzanne Bonamici, D-Ore., also considering a bid.