Word: dodd
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...Senator Christopher Dodd, the Democratic chairman of the Senate Banking Committee, recently broke off negotiations with Senator Richard Shelby, the ranking Republican, a politician so committed to bipartisanship that he placed a hold on all Obama Administration appointees to extract some pork for Alabama. Now Dodd is trying to negotiate with Senator Bob Corker of Tennessee, who said in a recent interview that he truly believes an agreement is possible. But in that same interview, Corker described some modest Administration proposals - like giving consumers the option of a simple "plain-vanilla" mortgage - as "way, way out in left field...
Last week, they lost their sixtieth vote in the Senate to Massachusetts Senator-elect Scott Brown. But Brown’s victory is only the latest bruise. Three weeks ago, North Dakota Senator Byron Dorgan and Connecticut Senator Chris Dodd announced their retirements. And last month, Alabama Congressman Parker Griffith switched parties...
...what happens next? Last month, the House narrowly passed a financial-reform bill that included many of the Administration's priorities, including a strong consumer agency. It received no Republican votes. Senate Banking Committee chairman Christopher Dodd has been trying to forge a bipartisan consensus around a similar bill, but Republicans have made it clear that the consumer agency is a deal breaker. And the Hill is swarming with financial lobbyists who are desperate to preserve the status quo. (See judgments of Obama's first year, issue by issue...
Three senior Democratic politicians--Connecticut Senator Christopher Dodd, North Dakota Senator Byron Dorgan and Colorado Governor Bill Ritter--announced they would not run for re-election this November. Dodd, retiring after 35 years in Congress, said in a press conference on Jan. 6 that there were many reasons for his decision, including finding himself "in the toughest political shape of my career." In recent weeks, several Democratic Congressmen announced their retirement, while another, Parker Griffith of Alabama, defected to the Republicans. It's not just blue dominoes: as many as 20 Republican lawmakers have said they will...
...eyes of many political observers, Dorgan and Dodd were simply bowing to reality. They faced long odds of winning re-election in their home states - though Dems believe they now have a much better chance at holding on to Connecticut than North Dakota. Dodd, as chairman of the Senate Banking Committee, had unpopular bailouts to contend with and a scandal over allegedly special treatment on his mortgage; Dorgan likely faced a tough battle against a popular GOP governor in a Republican-leaning state that disapproves of his vote for health care reform by a 2-to-1 margin. But there...