McCain Suspends Campaign to Work on Wall Street Plan. Asks to Postpone Debate.

Wow. I wonder if he saw what this Representative said. This needed to be done. I hope it is not postponed too long. I was looking forward to the debate. I am wondering how the Obama camp will respond. I hope they don't try to spin this. This Comment from threedollarsaday.com.

By Steve Holland

NEW YORK (Reuters) - Republican presidential candidate John McCain said on Wednesday he will break off from campaigning to help on a Wall Street rescue plan and asked that a Friday debate with Democrat Barack Obama be postponed.

McCain, in a statement to reporters, said he would suspend his campaign on Thursday to return to Washington.

He added he did not believe the Bush administration's proposed legislation on a $700 billion bailout plan for the financial industry would pass the U.S. Congress in its current form.

McCain, an Arizona senator, called on Obama to join him in working together on a plan and said he had spoken to the Democrat about doing so. He said a consensus agreement on a bailout plan is needed by the time the financial markets open on Monday.

Obama, an Illinois senator, planned to make a statement on the issue shortly.

"It's time for both parties to come together to solve this problem," McCain said. "We must meet as Americans, not as Democrats or Republicans, and we must meet until this crisis is resolved."

The Bush administration is pushing the plan hard in Congress. The White House welcomed McCain's announcement.

Dana Perino said, "We are making progress in negotiations on the financial markets rescue legislation, but we have not finished it yet." Continued..

Home

RSS Feed
Email Subscribe