Count out Senate Banking Committee Member Jack Reed (D-R.I.) for commerce secretary.

Reed, the senior senator from Rhode Island and a friend of President-elect Barack ObamaBarack Hussein ObamaBiden on Bob Dole: 'among the greatest of the Greatest Generation' Moving beyond the era of American exceptionalism The bully who pulls the levers of Trump's mind never learns MORE, ruled himself out for the open position in Obama's administration following a press conference he held Friday to promote Obama's economic stimulus plan.

A 1971 West Point graduate, Reed traveled overseas with Obama last summer and therefore became the subject of some speculation regarding a potential vice presidential nomination.

"Oh no," Reed said when asked about the position. "Absolutely not."

Obama has been without a prospective commerce secretary since his previous nominee New Mexico Gov. Bill Richardson (D) withdrew from consideration last weekend.

-J. Taylor Rushing