Stories

Patrick McHenry to Mnuchin: Stop Democrats from pursuing postal banking

Profile shots of Pat McHenry and Steve Mnuchin
Rep. Patrick McHenry (L), and Steve Mnuchin (R). Photos: Alex Wong, Mark Reinstein/Corbis via Getty Images

Rep. Patrick McHenry (R-NC), the House's chief deputy whip, has just sent a letter to Treasury Secretary Steve Mnuchin urging him to intervene to prevent several progressive Democrats with an eye on 2020, like Sens. Elizabeth Warren (D-MA) and Kirsten Gillibrand (D-NY), from — in his view — using a backdoor to pass postal banking legislation.

Behind the scenes: An aide to McHenry, who is familiar with the motivation behind the letter, tells Axios that the congressman's interest in the issue is twofold. First, McHenry simply believes the idea of a postal banking system is "a terrible idea." Second, he's concerned about the ways in which Democrats are pushing it. "They know it would have no shot of succeeding legislatively which is why they are working with big labor to enact it administratively," the aide said.