Embattled Senate Banking Committee Chairman Christopher Dodd (D-Ct.), whose low approval ratings make him one of the most vulnerable Democrats seeking re-election next year, gets help from President Obama tonight.
Obama will appear at a $1,000-per person fundraising event for Dodd in Stamford.
Dodd is crucial to Obama's hopes for getting the overhaul of the regulation of financial services passed. The House Financial Services Committee is currently marking up the measure. Yesterday it approved the component that would create a Consumer Financial Protection Agency.
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Once the House completes action on the measure, the Senate will take it up. Dodd is working with Sen. Richard Shelby (R-Ala.), the panel's ranking Republican to try to achieve some bipartisan consensus on the issue.
Dodd's low approval ratings stem from several factors, including the sluggish economy and questions raised about favorable treatment he received on a mortgage from Countrywide Home Loans.
The political action committees of CUNA and NAFCU have both given Dodd's campaign $6,000 in the current six-year fundraising cycle.
The GOP hasn't chosen its nominee, but candidates include: State Sen. Sam Caligiuri, Former Ambassador to Ireland Tom Foley, World Wrestling Entertainment CEO Linda McMahon, investment banker Peter Schiff and former Congressman Rob Simmons.
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