McCain, Obama call for bipartisan work on bailout

NEW YORK (AP) -- John McCain and Barack Obama are both calling for quick bipartisan action to address the ongoing financial crisis.

Both candidates will head to the White House today to meet with President Bush and with leading lawmakers amid talks on a bailout plan for Wall Street.

In advance of the meeting, lawmakers said they have reached an agreement in principle on a 700-billion-dollar package.

At the Clinton Global initiative in New York this morning, McCain said that "time is short and doing nothing is not an option." Later, Barack Obama told the same audience in a satellite speech that it's the time for Democrats and Republicans to "come together" to devise a solution.

Obama has also made clear that his schedule this week includes the first presidential debate, slated for tomorrow. McCain has called for postponing it if no deal has been reached on the bailout by Friday night.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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