Word: mccain
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...Obama, who had discussed issuing a joint statement of resolve about a bailout plan with McCain earlier in the day, announced in late afternoon that he would prefer to stick to the original debate schedule - a move that left McCain's team hoping for a resolution to the financial bailout negotiations before Friday night...
...McCain's move could serve to jolt House Republicans into stepping up support for the plan today - if only to speed McCain's way to Mississippi tomorrow night...
...Following a morning conversation on Wednesday between Barack Obama and John McCain, the Republican candidate said he was suspending his campaign to return to Washington to work on the bailout plan and vowed to skip the debate with Obama in Oxford, Miss., on Friday night unless a deal - or at least the outlines of a deal - is put in place...
...McCain's dramatic promise to suspend his campaign until the crisis is resolved in Congress was on one level a heady attention-grabbing move, but it could also be viewed as a gamble in the face of political necessity. His poll ratings have sunk noticeably in recent days, as voters leaned toward the Democrats in a time of economic worry. The suspension was designed in part to commandeer an issue that has belonged to Obama and to try and show above-the-fray bipartisan leadership of the kind independent voters appreciate...
...either Obama or McCain would be needed in Washington to help work out a deal is unclear. Neither man sits on the Senate Banking Committee; much of the difficult political horse-trading is taking place in the House, not the Senate; and the outlines of a deal are becoming fairly apparent, even if all the votes for it have not yet materialized...