Senator McCain announced he is suspending his campaign to return to Washington and focus on the "historic" crisis facing the U.S. economy:
McCain said it was time for both parties to come together to solve economic crisis.McCain also urged organizers of Friday's presidential debate to postpone the event and for President Bush to convene a meeting with the Congressional leadership.
The Arizona senator called on his Democratic rival, Barack Obama, to do the same.
The Obama campaign announced that Obama would make a statement shortly.
Watch Senator McCain's announcement:
McCain once again proves he is the more grown-up presidential contender by putting "Country First."
As my esteemed RedState colleague, Brian Faughnan, put it:
It seems to me that McCain has been trying, nine ways to Sunday, to show the American people that he is the responsible, serious, bipartisan candidate in this race. Let's do townhalls together. Let's have unity government. Let's suspend politics for Katrina. Let's go to Iraq together.
Media reports indicate congressional Democrats and Republicans alike are anxiously looking to Senator McCain for guidance on the proposed bailout package for the financial sector.
According to U.S. News Political Bulletin, stories suggest McCain's stance on the bail out could prove decisive to its passage. ABC World News, reported McCain "may hold the fate of the $700 billion bailout proposal in his hands. Even with Vice President Dick Cheney lobbying hard for the bill today, top congressional Republicans say if McCain does not support the bill, it will likely die" and "Democratic leaders have told the White House a deal without McCain on board will mean no sale."
Roll Call adds, "According to a Democratic aide familiar with the discussions," Senate Majority Leader Harry Reid told Treasury Secretary Paulson "this week that 'if McCain didn't come out for this thing and come out for it quickly, it was going to begin bleeding Republican votes.' Democrats 'have a very real concern that opposition [from McCain] is going to drive away potential Republican votes,' this aide said."
It's good to see that McCain is taking this seriously, even if Mr. Obama does not. Last week McCain offered a five point plan for resolution of the financial crisis. I still haven't seen a proposed solution from Obama.