Dodd Expands On His Story

More

Sen. Chris Dodd has basically changed expanded on his story on the bonuses clause in the stimulus bill. After saying Tuesday that the bonuses clause--which protects bonuses bound by contract before the stimulus bill was signed--was added in conference, having nothing to do with him, Dodd went on CNN last night and admitted (video here) that his staff had added the provision, at the behest of Obama administraion officials at the Treasury (after CNN's Dana Bash found that out from an unnamed Treasury official). Dodd explained the ins and outs of the situation, but ultimately said "I apologize" for initially claiming to have had nothing to do with the clause. how he initially responded to a question about the clause.

The Banking Committee chairman issued a statement yesterday reminding everyone that he was a leader in the fight to limit executive pay (the original clause about executive pay, after all, was his), and including language at the new administration's behest is not the same as pushing for the bonus protection clause on his own. But the RNC is already hammering Dodd over this, and no one, I think, will be surprised to see slow-motion, black-and-white footage of Dodd's CNN appearance in ads run in 2010 by the National Republican Senatorial Committee or Rob Simmons, Dodd's potential GOP opponent.

Jump to comments
Presented by

Chris Good is a political reporter for ABC News. He was previously an associate editor at The Atlantic and a reporter for The Hill.

Get Today's Top Stories in Your Inbox (preview)

A Fascinating Short Film About the Multiverse

If life is a series of infinite possibilities, what does it mean to be alive?


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

The Death of Film

You'll never hear the whirring sound of a projector again.

Video

How to Hunt With Poison Darts

A Borneo hunter explains one of his tribe's oldest customs: the art of the blowpipe

Video

A Delightful, Pixar-Inspired Cartoon

An action figure and his reluctant sidekick trek across a kitchen in search of treasure.

Video

I Am an Undocumented Immigrant

"I look like a typical young American."

Video

Why Did I Study Physics?

Using hand-drawn cartoons to explain an academic passion

Writers

Up
Down

More in Politics

Just In