Obama initiated the proposed summit with McCain; doesn't want to postpone debate

According to the Associated Press,

The Obama campaign said in a statement that Obama had called McCain around 8:30 a.m. Wednesday to propose that they issue a joint statement in support of a package to help fix the economy as soon as possible. McCain called back six hours later and agreed to the idea of the statement, the Obama campaign said. McCain’s statement was issued to the media a few minutes later.
“We must meet as Americans, not as Democrats or Republicans, and we must meet until this crisis is resolved,” McCain said. “I am confident that before the markets open on Monday we can achieve consensus on legislation that will stabilize our financial markets, protect taxpayers and homeowners, and earn the confidence of the American people. All we must do to achieve this is temporarily set politics aside, and I am committed to doing so.”

I think this signals how severe the financial crisis looks to the politicians. It appears both candidates are convinced that quick action is necessary in order to stabilize the markets and the economy as a whole. Developing…
UPDATE: Oh my, they are going to argue over who had the idea first. This does not look like a good sign for jointly working out a economic plan. From Jonathan Martin at Politico.

Senator Obama phoned Senator McCain at 8:30 am this morning but did not reach him. The topic of Senator Obama鈥檚 call to Senator McCain was never discussed. Senator McCain was meeting with economic advisers and talking to leaders in Congress throughout the day prior to calling Senator Obama. At 2:30 pm, Senator McCain phoned Senator Obama and expressed deep concern that the plan on the table would not pass as it currently stands. He asked Senator Obama to join him in returning to Washington to lead a bipartisan effort to solve this problem.