Even though Connecticut is a blue state, Republicans had a good chance to take Dodd's seat in the next election. Dodd was implicated in the Countrywide VIP mortgage scandal and has been polling very poorly lately.
From the Washington Post:
Embattled Connecticut Sen. Chris Dodd (D) has scheduled a press conference at his home in Connecticut Wednesday at which he is expected to announce he will not seek re-election, according to sources familiar with his plans.
Dodd's retirement comes after months of speculation about his political future, and amid faltering polling numbers and a growing sense among the Democratic establishment that he could not win a sixth term. It also comes less than 24 hours after Sen. Byron Dorgan (D-N.D.) announced he would not seek re-election.
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