Candidates Will Huddle With Bush on Bailout

Hopefuls headed to DC today to discuss 'flawed' $700B rescue
By Rob Quinn,  Newser Staff
Posted Sep 25, 2008 7:56 AM CDT
John McCain delivers a statement to the traveling press corps in New York on Sept. 24, 2008 that he is directing his staff to work with Barack Obama's campaign.   (AP Photo/Gerald Herbert)
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(Newser) – 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."