In the News: Citing Economic Crisis, McCain Proposes Suspending Debate

Sen. John McCain, R-Ariz., announced he would put his presidential campaign on hold to join his congressional colleagues in drafting a $700 billion financial bailout bill. McCain also called on his opponent, Democratic nominee Sen. Barack Obama, D-Ill., to join him in postponing their first debate on Friday. Obama, who recent polls have shown to be more trusted by Americans to fix the economy, said he would attend the debate and would not suspend his campaign, warning that injecting presidential politics into negotiations over the bailout bill could be more harmful than helpful. Both McCain and Obama planned to meet on Thursday with President Bush to discuss the proposed bailout, which congressional leaders said early Thursday afternoon they were close to finalizing.

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