Republican presidential candidate John McCain has announced that he is suspending his campaign to return to Washington and focus on the "historic" crisis facing the U.S. economy. Bill Schneider, CNN’s political correspondent, said he had never seen anything like it before.
Obama had apparently spoken at 09:00 ET to John McCain about making a statement and possible suspension of the political campaign. However Schneider speculated that McCain made the move to suspend his campaign unilaterally. During McCains short address he called on Obama to suspend his campaign. “I am calling on the president to convene a meeting with the leadership from both houses of Congress, including Senator Obama and myself," McCain told reporters in New York. "It is time for both parties to come together to solve this problem." Senator Obama is set to make a short statement at around 20:30 GMT [16:30 ET].
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