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Chris Dodd (D-Conn.), the embattled five-term incumbent, will announce his retirement later today:

The decision came hours after another Democratic senator, Byron L. Dorgan of North Dakota, also announced that he would not seek re-election this November. The developments underscored the fragility of the Democrats’ 60-vote Senate majority, which is just enough to block Republican filibusters. Democratic incumbents also face serious challenges in Arkansas, Colorado, Nevada and Pennsylvania among other states.

The Dorgan seat will almost certainly be a Republican pickup. But Democrats probably have a better chance of holding Dodd’s seat now that he’s out. That’s because Richard Blumenthal, the state Attorney General and by far the most popular elected official in Connecticut, is jumping into the race. Only 13 percent of Connecticut voters disapprove of Blumenthal, and his approval rating is a stratospheric 78 percent, according to a recent Quinnipiac poll. Those put Dodd’s numbers to shame. Dodd’s exit and Blumenthal’s entrance were almost certainly arranged behind the scenes, of course—Dodd probably wouldn’t have given up his re-election fight unless he could be sure dropping out would actually improve his party’s odds of holding his seat.

Chris Dodd with President Obama and Sen. Chuck Grassley (R-Iowa), in happier times. (White House photo.) Dodd with President Obama and Sen. Chuck Grassley (R-Iowa), in happier times. (White House photo.)I was actually working on a piece for the magazine arguing that Dodd was a bit of a canary in the coal mine for Democrats, since as chair of the Senate banking committee he’s seen as more responsible for the country’s economic woes than other Dems. That’s moot now. But if the first polls of the race with Blumenthal show even a hint of hope for the Republican challengers, that might be even worse news for Democrats. Linda McMahon (of wrestling fame), former Republican Rep. Rob Simmons, and former Ron Paul adviser Peter Schiff were battling to face Dodd in the general. If the most popular politician in a super-blue state like Connecticut is in any sort of trouble against those three, well, national Dems are probably cooked. (Update: Good news for Dems—Blumenthal leads all three Republicans by 30 points. This is probably a safe seat now.)

Kevin is traveling today and tomorrow.

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