Senate Banking Committee Chairman Christopher Dodd (D-Conn.) announced Friday that he has prostate cancer, but it was caught in the early stages.

Dodd, who has been in the Senate since 1981, is scheduled to have surgery after the Senate goes into recess at the end of this week.

He said that the biopsies indicated that he had a minimal amount of cancer, the disease hadn't spread and he expects a full recovery.

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