The administration's bailout plan would make him temporary overseer of the US financial system.
Some lawmakers and economists are calling for the US to absorb damaged assets of firms.
Lawmakers focus on bailouts and look to overhaul financial regulations.
The speaker of the House prepared Democrats for the prospect of electoral victories at a Monitor Breakfast Tuesday.
Many Democrats are at odds with their own leadership over extending domestic surveillance.
With a retirement this summer, the central bank will have just four of seven board seats filled.