Obama rejects McCain call to delay debate

Democratic Sen. Barack Obama rejected Republican Sen. John McCain’s dramatic call Wednesday to delay Friday’s presidential debate because of the economic crisis. The McCain campaign said McCain would not show up for the debate unless a deal to address the crisis was reached. Read more

Democrats seek bailout ‘sweet spot’

WASHINGTON - After risk-taking on Wall Street brought the financial system to its knees, Democrats and Republicans on Capitol Hill are taking part in their own risk-taking exercise.

With Congress about to adjourn and with elections in less than six weeks, lawmakers are wrestling with what the Bush administration calls a must-pass bill — a $700 billion proposal to rescue the U.S. financial sector.

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