Senator John McCain reversed his earlier call to postpone the debate so he could participate in the Congressional talks over the $700 billion bailout plan for financial firms.
AP - The Bush administration and Congress anxiously revived negotiations Friday on a $700 billion financial bailout, one day after the largest bank collapse in U.S. history provided a brutal reminder of the risks of failure.
AP - Republican John McCain agreed to attend the first presidential debate Friday night even though Congress doesn't have a bailout deal, reversing an earlier decision to delay the event until Washington had taken action to address the crisis.
AP - Seven of Alaska Gov. Sarah Palin's top aides are defying subpoenas for their testimony into possible abuse of power by the governor. Palin's Chief of Staff Mike Nizich and six other aides have failed to appear at a legislative hearing Friday into whether Palin abused her power when she fired her public safety commissioner this summer,
Senate Majority Leader Harry Reid today said the Senate will stay in session as long as it takes to pass a $700 billion financial rescue plan. "We're going to get this done," he said. Earlier, President Bush also said a deal would happen. "We are going to get a package passed," Bush said.
Congress and the White House are trying to hammer out a $700 billion plan to bail out Wall Street and prevent an economic collapse, but iReporter Margaret Lopez thinks she has a better idea.