Phase 1 in cancelling 2008 elections -McCain: Scrap Friday Debate for Bailout, suspends campaign; Obama Camp: ‘The Debate is On’

ABC News’ George Stephanopoulos and Rick Klein report: Sen. John McCain on Wednesday said he would “suspend” his presidential campaign to come to Washington to help negotiate a financial bailout bill, a dramatic move designed to seize a powerful issue.

McCain called on the Commission on Presidential Debates to postpone the debate scheduled for Friday in Mississippi, to ensure quick congressional action.
Continue reading