Marissa Brassfield
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In an unexpected move that happened just hours ago, Senator John McCain suspended his presidential campaign to work on legislation that concerns the financial crisis on Wall Street. The announcement came after a morning phone call with fellow presidential candidate Senator Barack Obama, in which Obama entreated McCain to compromise and issue forth a joint statement to the government outlining their shared principles on the Treasury proposal. McCain announced his decision to suspend his campaign a few hours ago. He has requested that Friday’s presidential debate be postponed. As of this afternoon, Obama has not officially announced that he too will postpone his campaign.  The unprecedented move by McCain apparently came after a Wednesday morning phone call with Obama about the financial crisis.
In a statement, Obama's campaign said the Democratic candidate had initiated talks with McCain in a bid to forge a compromise deal that would allow speedy passage of legislation authorizing the federal government to buy up toxic mortgage assets that have triggered the financial meltdown.
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