Democratic hopeful Dodd to drop White House bid

WASHINGTON (Reuters) - Long-shot Democratic presidential hopeful Sen. Christopher Dodd was expected to announce his withdrawal from the White House race after a poor showing in the Iowa caucuses, sources close to the senator said on Thursday.

Dodd, a senator from Connecticut, heads the important U.S. Senate Banking Committee which is has been working on legislation to address the subprime mortgage crisis.

(Reporting by Thomas Ferraro and Jeremy Pelofsky, editing by David Wiessler)