Senators Chris Dodd (D-CT) and Joe Lieberman (ID-CT) announced today that fire departments in Farmington, Wallingford, Union, Meriden, Westport, and Woodstock have been awarded federal grants totaling more than $400,000. The funds will go to improving operations and safety at their facilities. The grants were made possible by the U.S. Department of Homeland Security’s Assistance to Firefighters Grants (AFG) program, which provides aid to first-responder programs nationwide with the aim of providing better equipment to protect the health and safety of the public, as well as that of the first-responders themselves. In fiscal year 2008, the AFG program has provided approximately $500 million in nationwide grants.

Senator Chris Dodd (D-CT) released the following statement today on reports that DriveSol of Watertown, an auto industry supplier that manufactures steering column shafts and employees over 200 people, will be forced to close due to the struggles of the American auto-industry.
 
Last week, Senator Dodd spent weeks negotiating bipartisan legislation with the White House to help stabilize our domestic automobile industry, only to have the legislation blocked by a handful of Republican Senators.
 
“This is sad news for these workers and for Connecticut, but unfortunately it is not surprising. The news of DriveSol’s closing is proof that this is not a Detroit issue or a Washington issue; it is an American issue that will have an impact in Connecticut and across the country.

“In recent weeks, I have talked with local auto dealers and suppliers from our state, union officials and others, and I share their concern that doing nothing will only result in more bad news similar to what we learned today about DriveSol. It’s disappointing that our bipartisan legislation was blocked by a handful of Senators. If that had not occurred these jobs may have been spared. The White House must take action now and use their authority to stabilize the industry and therefore our economy.”

Senator Chris Dodd (D-CT), Chairman of the Senate Banking, Housing, and Urban Affairs Committee, welcomed new federal funding for Connecticut organizations that provide counseling and legal assistance to families facing the threat of foreclosure.  The grants, which were announced today by NeighborWorks America, will provide $681,230 to the Connecticut Housing Finance Authority and $202,536 to the Neighborhood Housing Services of New Haven.  Several national organizations with offices in Connecticut will also receive large grants. 

Senator Chris Dodd (D-CT), Chairman of the Senate Banking, Housing, and Urban Affairs Committee, will hear testimony from James Fleming, the president of the Connecticut Automotive Retailers Association, at the Committee’s second hearing to examine the state of America’s automobile industry on Thursday morning. 

Senators Chris Dodd (D-CT) and Joe Lieberman (ID-CT) announced today that the Waterbury Fire Department has been awarded federal grants totaling $648,000. The funds will go toward improving operations and safety at the facility and for vehicle acquisition. The grants were made possible by the U.S. Department of Homeland Security’s Assistance to Firefighters Grants (AFG) program, which provides assistance to first-responder programs nationwide with the aim of better equipping first-responders to protect the health and safety of the public, as well as that of the first-responders themselves. In fiscal year 2008, the AFG program has provided approximately $500 million in nationwide grants.

As recent news reports show that foreclosures in Connecticut have risen 134% in the month of October, Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, held an oversight hearing today on the implementation of the Emergency Economic Stabilization Act, focusing on foreclosure prevention efforts, ensuring that lenders are using the federal funds for lending, and executive compensation policies.

CHESHIRE - U.S. Senator Christopher Dodd (D-Conn) fielded questions from more than 120 high school juniors and seniors Tuesday and defended his support of the $700 billion bailout - or what he called a "workout."

"The idea isn't so much to have a bailout as a workout," Dodd said.

The federal government should create a loan pool to help families of modest means pay for college, U.S. Sen. Christopher J. Dodd, D-Conn., told two audiences of students Tuesday.

“As a country, we lose a lot when the ability to get a college education depends solely upon whether a student has wealthy parents or not,” Dodd told a group of more than 100 juniors and seniors at Cheshire High School.

Senator Chris Dodd (D-CT) will visit Cheshire High School tomorrow morning to speak to Juniors and Seniors.  Dodd will discuss the current financial crisis and other issues with students.

Senator Chris Dodd (D-CT) released the following statement today on the recent news that the number of Connecticut households applying for home heating assistance has more than tripled as compared with this time last year.  Last winter, more than 86,000 households in Connecticut received assistance through the Low Income Home Energy Assistance Program (LIHEAP), a number which is expected to increase dramatically before the season is over.