Chris Dodd

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Housing Bill Clears Key Senate Hurdle

Package of relief measures garners bipartisan support

(Newser) - The Senate voted 94-1 to move a housing legislation package into formal consideration today, reports the New York Times. Banking committee chair Chris Dodd and ranking Republican Richard Shelby now have until noon tomorrow to work out a compromise acceptable to both parties. “Inaction is not an option,"...

Small Banks, States Rip Paulson Plan

Critics deride plan as that of 'a bunch of guys from Wall Street'

(Newser) - Small banks, credit unions, states, and assorted politicians wasted no time ripping into the Bush administration’s plans to rework federal regulation of the financial industry, calling it an amateurish attempt by a “bunch of guys from Wall Street,” reports the Wall Street Journal. “It’s because...

2 Probes Launched Into Bear Stearns Deal

Two Senate panels to investigate takeover

(Newser) - The controversial acquisition of Bear Stearns by rival JP Morgan Chase, aided by billions of dollars of government credit, is about to become one of the most scrutinized deals in Wall Street history. Two separate Senate investigations will soon be under way, one by the Banking Committee and another by...

Clinton Calls for Blue-Ribbon Mortgage Panel

Emergency plan would enlist Greenspan, other big thinkers

(Newser) - Ex-Fed chief Alan Greenspan and other high-profile economic bigwigs should take the lead in deciding whether the government should buy homes affected by the housing crisis, Hillary Clinton says. "As it has in the past, this kind of temporary measure by the government could give our economy the boost...

Clinton, Obama Both Inflate Senate Records

From laws to peace deals, candidates' roles appear to grow in hindsight

(Newser) - Barack Obama didn’t take part in meetings on immigration legislation in 2006, recalls Arlen Specter, one of the handful of senators who did, but Specter just shrugs when the Illinois Democrat says he did. “It’s not an unusual matter for senators to take a little extra credit,...

Obama Calls on Both Camps to Simmer Down

Final debate before March 4 vote is tonight

(Newser) - Barack Obama said today that both Democratic campaigns should chill out. “It is important for me as well as Sen. Clinton to communicate to our staffs as well that we’re both trying out for quarterback, but we’re on the same team,” said Obama. He noted that...

Dodd Endorses Obama
Dodd Endorses Obama
UPDATED

Dodd Endorses Obama

Conn. senator is 1st ex-Democratic candidate to take sides

(Newser) - Chris Dodd endorsed Barack Obama today in Cleveland, praising his ex-opponent for his "ability to reach and touch the hearts and souls of Americans," the Plain Dealer reports. The first former candidate to make an endorsement in the race, Dodd told the Hartford Courant he was "back...

Biden, Dodd Call It Quits After Iowa

Senators take 5th and 7th place

(Newser) - Democratic candidates Chris Dodd and Joe Biden are packing in their presidential campaigns after poor showings in Iowa. Biden polled a distant fifth, behind Bill Richardson, and Dodd came in seventh. Voters' sixth choice was "uncommitted." For Dodd the defeat is especially stinging. The Connecticut senator relocated his...

Obama Wins Iowa; Edwards 2nd, Clinton Close 3rd

With 100% of Democratic precincts reporting, Edwards just ahead of Clinton

(Newser) - Riding a record turnout of young, independent and new voters, Barack Obama decisively won the Democratic caucuses in Iowa last night, with John Edwards narrowly edging out Hillary Clinton for second. With all Democratic precincts reporting, Obama, aiming to be the first black president of the United States, prevailed with...

On 7th Day, They Campaigned
On 7th Day, They Campaigned

On 7th Day, They Campaigned

Candidates turn to the tube as Iowa caucus looms

(Newser) - With four days of campaigning left in Iowa, leading White House hopefuls skipped church services and attended another weekend ritual—Sunday political talk shows. GOP frontrunner Mike Huckabee missed a service at the Cornerstone Family Church to appear on NBC, and Hillary Clinton arrived late and slipped out early at...

Democrats Withdraw Spy Bill
Democrats Withdraw Spy Bill

Democrats Withdraw Spy Bill

Delay vote that would give phone companies immunity in spy scandal

(Newser) - Legislation that would have granted retroactive immunity for phone companies that cooperated in the National Security Agency's warrantless surveillance program was abruptly withdrawn by Senate majority leader Harry Reid late yesterday. The legislation, favored by the White House, had deeply divided Democrats. Reid said the Senate would deal with the...

Clinton Hopes NH Foundation Will Hold
Clinton Hopes NH Foundation Will Hold

Clinton Hopes NH Foundation Will Hold

Obama's recent surge threatens old ties the Clintons cultivated

(Newser) - As Barack Obama draws into a tie with Hillary Clinton in New Hampshire polls, the New York senator looks to be leaning more and more on the relationships she and her husband established back in Bill's campaigning days. Clinton officials shrug off the tightening polls, but some find her camp's...

Washington Takes Aim at Credit Cards

Lawmakers vow to tackle rate hikes, reform arcane fee system

(Newser) - Dem lawmakers vow to finally rein in credit card companies after years of consumer complaints, the Washington Post reports. They want lenders to scrap random rate hikes and inscrutable fees, and plan to tackle it in a hearing next week; one rep has already drawn up legislation. But industry lobbyists...

Obama, Edwards Take Aim
Obama, Edwards Take Aim

Obama, Edwards Take Aim

Hillary counters accusation of a 'poll-driven' campaign

(Newser) - Obama accused Hillary of dodging questions and running a "poll-driven" campaign before a crowd of thousands at an Iowa fundraising dinner yesterday, the New York Times reports. “Not answering questions because we’re afraid our answers won’t be popular just won’t do it,” Obama said....

Obama Plays Himself on SNL
Obama Plays Himself on SNL

Obama Plays Himself on SNL

Ripping off mask at Hillary Halloween party: 'I have nothing to hide. I enjoy being myself."

(Newser) - Democratic presidential candidate Barack Obama turned up the heat on frontrunner Hillary Clinton last night on "Saturday Night Live" when he appeared in the opening sketch—a Halloween party thrown by a faux Bill and Hillary and attended by faux Democratic candidates—as himself.  Everyone was in costume,...

Small Bloggers Cut a Wide Swath in NH

Candidates come calling as locals' influence widens

(Newser) - Average Joes moonlighting as political bloggers are wielding the power of kingmakers in tiny New Hampshire, and candidates—at least the second-tier—are noticing. Says a high school Latin teacher of his Blue Hampshire blog: “One minute I'm in the teachers' lounge making copies and the next I'm spending...

Mukasey Faces Uncertain Vote
Mukasey Faces Uncertain Vote

Mukasey Faces Uncertain Vote

Attorney General nominee on thin ice with Democrats

(Newser) - A vote that could send the nomination of Michael Mukasey as US attorney general to the full Senate will come Tuesday, the Democrat in charge of the Senate Judiciary Committee said today. Once thought certain, Mukasey's confirmation now appears to hinge on his refusal to classify as illegal torture the...

Iran Looms Large in Campaign
Iran Looms Large in Campaign

Iran Looms Large in Campaign

Iran is the new Iraq on the stump

(Newser) - Iran is beginning to dominate the campaign rhetoric of White house hopefuls of both parties as Iraq once did, reports CNN. Tough US sanctions against Tehran and growing indications of some kind of military intervention to halt the development of nuclear weapons are being compared with the steps taken in...

Dodd to Block Telecom Immunity
Dodd to Block Telecom Immunity

Dodd to Block Telecom Immunity

Vows to keep bill shielding carriers from coming to a vote

(Newser) - Dem presidential hopeful Chris Dodd said yesterday he will place a “hold” on a bill that would grant retroactive immunity to telecom companies who handed over phone records to the feds without warrants. The White House and the Senate Intelligence Committee had made a deal to clear carriers Wednesday,...

Dems Stonewall on Pullout Deadline
Dems Stonewall on
Pullout Deadline

Dems Stonewall on Pullout Deadline

Obama, Edwards, Clinton won't guarantee withdrawal by 2013

(Newser) - None of the three leading Democratic White House contenders were willing last night to guarantee that they would get US troops out of Iraq by 2013. During a Democratic debate at Dartmouth College, Hillary Clinton, Barack Obama and John Edwards—who all support a timetable for troop withdrawal—each declined...

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