McCain to Suspend Campaign (???) to Work On Economy

He also wants to postpone the debate on Friday.

NEW YORK (CNN) — Republican presidential candidate John McCain announced Wednesday that he is suspending his campaign to return to Washington and focus on the “historic” crisis facing the U.S. economy.

The Arizona senator called on his Democratic rival, Barack Obama, to do the same.

The Obama campaign announced that Obama would make a statement shortly.

He also urged organizers of Friday’s presidential debate at the University of Mississippi to postpone the event.

“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.” Video Watch McCain’s announcement »

It was not immediately clear how extensive the suspension he announced would be — whether it would include dropping television advertising or just canceling scheduled appearances. McCain took no questions after reading his statement.