DUAL LEADERSHIP FOR THE DEMS

President Clinton wants the leadership of the Democratic party to be split up into two parts, with Senator Christopher Dodd of Connecticut overseeing policy and South Carolina Democratic party chief Donald Fowler in charge of the daily operations. White House spokesman Mike McCurry said today that an announcement was likely "in a matter of days" if the shared responsibility arrangement can be resolved to Fowler and Dodd's satisfaction. Under the arrangement, Dodd would assume the title of general chairman of the Democratic National Committee and Fowler, chairman. The scheme is similar to one adopted by the Republicans under President Ronald Reagan. Whoever the Democratic leaders turn out to be -- a deal should be announced this Thursday -- they have their work cut out: The DNC faces a $4 million debt, an angry electorate and a GOP that seems poised to keep itself at the center of any legislative efforts.