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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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WE'LL BE BLUNT.

We have a considerable $390,000 gap in our online fundraising budget that we have to close by June 30. There is no wiggle room, we've already cut everything we can, and we urgently need more readers to pitch in—especially from this specific blurb you're reading right now.

We'll also be quite transparent and level-headed with you about this.

In "News Never Pays," our fearless CEO, Monika Bauerlein, connects the dots on several concerning media trends that, taken together, expose the fallacy behind the tragic state of journalism right now: That the marketplace will take care of providing the free and independent press citizens in a democracy need, and the Next New Thing to invest millions in will fix the problem. Bottom line: Journalism that serves the people needs the support of the people. That's the Next New Thing.

And it's what MoJo and our community of readers have been doing for 47 years now.

But staying afloat is harder than ever.

In "This Is Not a Crisis. It's The New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, why this moment is particularly urgent, and how we can best communicate that without screaming OMG PLEASE HELP over and over. We also touch on our history and how our nonprofit model makes Mother Jones different than most of the news out there: Letting us go deep, focus on underreported beats, and bring unique perspectives to the day's news.

You're here for reporting like that, not fundraising, but one cannot exist without the other, and it's vitally important that we hit our intimidating $390,000 number in online donations by June 30.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. It's going to be a nail-biter, and we really need to see donations from this specific ask coming in strong if we're going to get there.

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