UPDATE 1-Former US Rep. Frank wants to replace Sen. Kerry for short time

Fri Jan 4, 2013 2:11pm EST

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WASHINGTON Jan 4 (Reuters) - Former Massachusetts U.S. Representative Barney Frank says he would like to fill in for Senator John Kerry, who has been nominated for secretary of state, as Congress battles over the budget and raising the debt ceiling in the next few months.

Frank, who retired from Congress this week and was the top Democrat on the House Financial Services Committee, told MSNBC on Friday that he would like to serve during the high-stakes debates that will follow this week's "fiscal cliff" deal.

"That deal now means that February, March and April are going to be among the most important" months for the American financial system, Frank said on MSNBC's "Morning Joe" program.

"I've told the governor that I would now like ... to be a part of that. It's only a three-month period. I wouldn't want to do anything more, I wouldn't want to run again," he added.

Massachusetts Governor Deval Patrick, a Democrat, told reporters on Friday that Frank was "definitely on the list" of people he would consider appointing to fill Kerry's seat.

"Congressman Frank is a really gifted legislator and he'd be a great senator, even on an interim basis," Patrick said, adding that the two had spoken on Thursday. He declined to reveal details of their conversation.

On Tuesday, Congress hastily passed legislation to avert $600 billion in automatic tax increases and federal spending cuts known as the fiscal cliff.

In two months, the United States will need to raise the debt ceiling or face default, and the delayed automatic spending cuts known as "sequestration" are scheduled to kick in. A month after that, there is a risk of a government shutdown if lawmakers cannot agree on a funding deal.

Under Massachusetts law, Patrick can temporarily appoint someone until a special election can be held to formally replace Kerry, a Democrat who has been tapped by President Barack Obama to lead the State Department after Secretary Hillary Clinton departs.

Frank, the first openly gay member of Congress, had planned to retire after serving in the House of Representatives for more than 30 years and after marrying his longtime partner in July.

On Friday he said he had already begun making plans for his life after leaving Congress.

"I'm going to write a couple books, I hope ... give lectures, do some teaching and maybe some TV commentary, I think - basically run my mouth for money," he told MSNBC. "I am not marching in any more parades, ever," he added, jokingly.

Along with former Senator Christopher Dodd, a Democrat from Connecticut, Frank was the chief architect of the 2010 Wall Street reform law, which was enacted as a response to the 2007-2009 financial crisis.

Longtime Democratic U.S. congressman Edward Markey has announced he would pursue Kerry's seat if the Massachusetts senator is confirmed as secretary of state.

Massachusetts Republican Scott Brown, who lost his Senate seat in November to Democrat Elizabeth Warren, has not said whether he will run for Kerry's seat.

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