Candidates Will Huddle With Bush on Bailout

Both presidential candidates will meet with George W. Bush for talks on the proposed $700 billion bailout of financial firms today, CNN reports. John McCain and Barack Obama released a joint statement on the financial crisis last night, agreeing that the plan was flawed but that "the effort to protect the American economy must not fail."

Obama also issued a separate statement outlining his vision for the bailout. "This plan cannot be a welfare program for CEOs whose greed and irresponsibility has contributed to this crisis," he said. McCain has suspended his campaign to focus on bailout negotiations—a move dubbed "just weird" by a key Democrat but welcomed by a McCain ally, who said the input of both candidates would be "enormously helpful."
(More credit crisis stories.)