Is Frank eyeing Obama Cabinet post?

Rep. Barney Frank's (D-Mass.) decision to not seek reelection may be a sign that he's angling for a Cabinet position in the Obama administration. 

In the past, Frank has expressed interest in joining President Obama's Cabinet as Secretary of Housing and Urban Development. 

"I want at least two years with President Obama and a solidly Democratic Senate so that we can get the federal government back in the housing business," Frank had said in 2009. 

But Frank, now 71, later backtracked those remarks.

"I'm too old," the Massachusetts congressman told The Hill in 2010. 

In a surprise announcement on Monday, Frank said he won't seek reelection in 2012. He is scheduled to formally explain his decision at a 1 p.m. press conference.

Another factor in Frank's decision may have been his reelection prospects. Frank's congressional seat had been redistricted to include a number of conservative Massachusetts towns.

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