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...noon speech at Federal Hall on New York City's Wall Street. "We are in almost daily contact with [Shelby's] staff and have been going over the proposal with them literally line by line," says a senior Treasury department official. Shelby and the Senate Banking chair, Democrat Chris Dodd, have also been working together closely. "[Shelby's] folks are deeply engaged and we share the view that he wants to get something done," says the senior Treasury official. (Read "Geithner's Toxic-Asset Plan: Wall Street Finally Cheers...

Author: /time Magazine | Title: On Finance Reform, Obama's Unlikely Partner | 9/14/2009 | See Source »

...Dodd and Shelby have proven to be a potent bipartisan combination already in 2009. When Dodd moved an aggressive, populist credit-card-reform bill out of committee without a single GOP vote, he negotiated with Shelby to craft legislation more appealing to the other side of the aisle. It passed the Senate in late March by a 90-5 vote...

Author: /time Magazine | Title: On Finance Reform, Obama's Unlikely Partner | 9/14/2009 | See Source »

...even if comity rules, there are plenty of hurdles preventing Shelby, Dodd and the Treasury from coming together on a consensus bill. Dodd, facing a tough re-election battle in Connecticut, needs to please his base with a left-leaning bill, while staffers say Shelby has issues with the shape of the bill so far. The Senator doesn't like the Administration's proposed Consumer Financial Protection Agency, though he's willing to support enhanced protections of some sort. But he is firmly against an Administration proposal to let the Federal Reserve designate which financial institutions qualify as most important...

Author: /time Magazine | Title: On Finance Reform, Obama's Unlikely Partner | 9/14/2009 | See Source »

...Vicki and others, and he said, 'O.K., we're going to get so-and-so to do this, and we're going to work with [Maryland Democratic Senator Barbara] Mikulski on higher education to do that,' and sort of divvied it up. He talked to [Connecticut Democratic Senator] Chris Dodd. He laid it out, he weighed in," Kerry says. "If Teddy was in treatment or doing something, Vicki would relay to me what we needed to get done...

Author: /time Magazine | Title: Kerry Prepares to Protect Kennedy's Legacy | 8/29/2009 | See Source »

...died on September 11, to say "I'm sorry, and I'm here if you need me." He opened his Boston home to colleagues who had to come to town for cancer treatment. "An hour after my sister passed away, he was on the phone," said Senator Chris Dodd. "The moment you needed to hear from someone who could share feelings that are hard to express, Ted Kennedy would be [there]." (See video of Kennedy from the 2008 Democratic National Convention...

Author: /time Magazine | Title: The Lessons of His Dying | 8/26/2009 | See Source »

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