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There is breaking news now on Fox News Channel we are just hearing from the Obama camp.
In case you're just joining us Senator John McCain has said I'm suspending my presidential campaign I'm going back to Washington to try to work on an economic bailout.
Some sort of compromise with the White House's request for 700 billion dollars as an economic bailout of the banks.
Which the administration says will actually help the people.
That is something that is brought great disagreement and harsh words on Capitol Hill we'll get to -- that in a moment but first.
Senior Obama officials are now telling Fox News.
Hold on a minute we believe this debate can in fact go forward we believe that this is not -- Henny penny the sky is falling sort of moment.
We believe we can work on the economic crisis and have the debate at the same time in other words will work on this for the next couple of days.
Then we'll go to the debate if more much if more work is needed we'll go back to Washington.
After all it's a two hour and five minute flight from what from.
From Washington DC or wherever you may be to Oxford Mississippi you fly and you fly out you get this thing done you get it on national television.
The long and short of it is make no mistake the Obama campaign is on a roll it wants to continue its role -- doesn't -- suspension of campaigns right now.
The polls indicate the Barack Obama is up the Fox News opinion dynamics poll -- and Rasmus and earlier I should have said opinion dynamics I apologize.
Shows John McCain is now down six points that Barack Obama has his first six point lead in a long time.
And our polling unit suggest that this is a statistically significant lead.
It's not within the margin of error.
Again that's the Fox News poll another poll out today as Senator Obama leading by nine points nationwide.
The tide has apparently turned at least in the short term and Barack Obama wants to continue to ride.
So Obama say we can do both is the debate for Oxford Mississippi off on Friday night.
Not by a long shot not yet Senator McCain has said he wants it to be off but that debate commission which is meeting in Oxford Mississippi right now let's say hey.
This isn't about you campaigns this is about the American people we told you win the debate is what the topic is we told -- we expect you to be there and we do.
This thing is not over.
-- now is the Pennsylvania governor Ed Rendell an Obama supporter who was in our building just a short time ago and is now -- route I believe back to Pennsylvania.
Serve -- what what is your take on this.
Well of course all.
I understand I'm not speaking to the Obama campaign -- -- myself but.
I do know that Senator Obama contacted the Obama campaign -- a -- -- thing.
At 8:30 this morning and suggested that two campaigns try to reach.
A common set of principles and get -- and those principles jointly -- the conference.
This is what we both believe as two presidential candidate has to be in the bailout bill.
Didn't hear about them making this thing with 230 the McCain campaign called back -- -- let the market needs and that out of the blue is Senator McCain made his announcement.
The most important thing would be for these two men are leaders -- their priorities.
Presidential candidate if they could have come up -- -- -- set of principles today and deliver them that the congress I think that would have been persuasive I think.
What McCain and Obama agreed upon would have been the heart and so that -- That -- senator McCain's really interested in helping out and getting this crisis resolved.
Forget about suspending the debates forget about going to watch it.
Sit down would be a product yet let's get -- joint set of principles.
CEO pay your limitations.
Regulations put in place contemporaneously with this -- listed.
And most important.
Some way to bring relief to the American people -- facing these arms and and these these mortgage foreclosures.
I'm told by financial experts say it's only -- ten billion dollar break stay filled with people.
If they could get together that's the way to do this god person.
Governor Rendell what about this week where you advising Senator Obama and I know you talk from time to time and I know you're a big supporter.
Right now this debate on Friday night is scheduled to be about foreign policy what if they change the topic to economics.
I think Senator Obama would it again I don't stick them but I guess I'm pretty certain.
Agree I guess and -- to governor Rendell because it's the economy that he -- written this recent rise in the polls on and that seems like the sort of thing that would serve him well.
You're right I agree although there's something to having been a candidate run for the sport -- be done.
And engage -- a lot of debate -- there's something to preparing for a debate and that -- -- subject.
And getting ready port.
Domestic issues the economy is twisted and again it's the debate -- that decide that not John McCain or Barack Obama number one.
That the debate commission -- -- -- both candidates agree that spot but let me get back to -- -- -- -- deployed because -- -- was Senator McCain.
This crisis is right now -- most important thing happening in America that is used -- Two Arabs like it's our best debate I think both could be but not the most important.
Other Senator McCain get back negotiating with the about those.
Let's get it -- a set of principles that Yemen.
I think it Senator McCain Senator Obama.
Joint set of principles they would be in that bill period.
Governor Ed Rendell of the state of Pennsylvania just left our building and on the way to other matters governor it's -- to be to be here.
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