AP

“There’s no deal until there’s a deal. We’re optimistic but we want to get this thing done,” McCain spokesman Brian Rogers said.

“With so much on the line, for America and the world, the debate that matters most right now is taking place in the United States Capitol—and I intend to join it,” McCain said after addressing former President Clinton’s Global Initiative in New York on Thursday before heading to Washington.

Meanwhile, Obama who has done nothing in his career but campaign, has discovered the notion of multitasking

“Our election is in 40 days. Our economy is in crisis, and our nation is fighting two wars abroad. The American people deserve to hear directly from myself and Sen. McCain about how we intend to lead our country. The times are too serious to put our campaign on hold, or to ignore the full range of issues that the next president will face.”

Does it mean Obama will suddenly have meeting # 1 of the Afghanistan commottee he’s been “heading”?

Obama also rolled out a new 60-second TV ad to run in “key targeted states” in which he cited economic policies endorsed by Bush and McCain as essentially to blame for the troubles.

How did the two handle yesterday’s summit? From McCain’s POV (as the media will give Obama’s)

At today’s cabinet meeting, John McCain did not attack any proposal or endorse any plan. John McCain simply urged that for any proposal to enjoy the confidence of the American people, stressing that all sides would have to cooperate and build a bipartisan consensus for a solution that protects taxpayers.

However, the Democrats allowed Senator Obama to run their side of the meeting. That did not work as the meeting quickly devolved into a contentious shouting match that did not seek to craft a bipartisan solution.

We’ll see what today brings

Update

he will debate

he said earlier

“I understand that there is a lot of attention on this but I also wish Sen. Obama had agreed to 10 or more town hall meetings that I had asked him to attend with me,” McCain said. “Wouldn’t be quite that much urgency if he agreed to do that. Instead, he refused to do it.”

and from his statement

The difference between Barack Obama and John McCain was apparent during the White House meeting yesterday, where Barack Obama’s priority was political posturing in his opening monologue defending the package as it stands. John McCain listened to all sides so he could help focus the debate on finding a bipartisan resolution that is in the interest of taxpayers and homeowners. The Democratic interests stood together in opposition to an agreement that would accommodate additional taxpayer protections.

Senator McCain has spent the morning talking to members of the administration, members of the Senate, and members of the House. He is optimistic that there has been significant progress toward a bipartisan agreement now that there is a framework for all parties to be represented in negotiations, including Representative Blunt as a designated negotiator for House Republicans. The McCain campaign is resuming all activities and the senator will travel to the debate this afternoon. Following the debate, he will return to Washington to ensure that all voices and interests are represented in the final agreement, especially those of taxpayers and homeowners.