President Bush is naming a top banking regulator to head up federal efforts to rebuild the hurricane-ravaged Gulf Coast.
Officials say Donald Powell, who's currently head of the Federal Deposit Insurance Corporation, will be in charge of long-term planning and reconstruction.
Powell's a former banking industry executive and a top Bush campaign contributor.
Under fire for the administration's slow response to Hurricane Katrina, the president's been pressed by lawmakers to name a rebuilding czar.
So far, Congress has approved $62 billion for hurricane recovery efforts. But about $40 billion of that has yet to be spent.
Bush has said the reconstruction job along the Gulf Coast will likely be among the biggest in history.