
Congressional negotiations on the proposed $700 billion bailout of the U.S. financial system are set to restart today after hours of talks ended in a partisan divide.
Rep. Barney Frank, the leading House Democrat on the issue, accused Republicans of refusing to negotiate. "At this point, we have absolutely no participation or cooperation from House Republicans," Frank said.
On Thursday, with their first scheduled presidential debate still awash in uncertainty, Senator Barack Obama interrupted his preparations in Florida and flew to Washington Thursday afternoon to join Senator John McCain for White House meeting aimed at getting agreement on the government plan to bail out the nation's financial institutions.
Democrat Obama and Republican McCain, who have both sought to distance themselves from the unpopular Bush, sat down with the president at the White House for an hourlong afternoon session. Obama and McCain were at opposite ends of the oval table, not even in each other's sight lines.
It is still unclear whether McCain will show up for the TV debate scheduled for tonight. McCain said he was suspending his campaign to return to Washington to help address the economic crisis. Obama supports going ahead with the debate.