(CNN) - Republican Sen Judd Gregg of New Hampshire confirmed Friday he is under consideration to be President Obama's Commerce Secretary.
“I am aware that my name is one of those being considered by the White House for Secretary of Commerce, and am honored to be considered, along with others, for the position. Beyond that there is nothing more I can say at this time," Gregg said in an issued statement.
Sources told CNN Thursday that while Gregg is being considered for the post, it's not a done deal. In fact, a Democratic source said it's not just that Gregg hasn't decided if he wants the position but that there is actually another leading candidate.
"The President hasn't made a decision," White House Press Secretary Robert Gibbs told CNN. He adds on Gregg specifically, "I'm not going to get into the political name game."
Senate Majority Leader Harry Reid said Thursday he had heard Gregg was being considered, but would not say whether he has been in contact with the Obama administration about it.
He said Gregg is "one of my best friends in the Senate. He's competent in doing what he wants to do."
Roll Call first reported Gregg's potential appointment.
One complication could be that New Hampshire's governor is a Democrat who by law could temporarily appoint someone from any party to the seat. If he were to appoint a Democrat, it could give Senate Democrats a 60 seat filibuster-proof majority.
However, two New Hampshire Republican Party sources suggest to CNN that Gov. John Lynch is careful to appeal to Republicans and might be open to appointing a Republican to "follow the will of the people," according to one of the sources.
Regardless, Gregg, a third term senator known for being fiscally conservative, is up for re-election in 2010.