A top-level White House meeting aimed to reach consensus on a proposed US$700
billion financial bailout plan failed to make breakthrough yesterday.
"The deal is not finalized ... There's a commitment to get something done.
And nobody is happy about it," said White House spokeswoman Dana Perino.
The meeting, attended by President George W. Bush, as well as presidential
candidates Barack Obama and John McCain, took place after lawmakers agreed on
the plan in principal in the Congress.
But the failure to reach agreement between the White House and Congress left
uncertainties over the plan and raised political stakes for all parties
involved.
"There never was a deal. But I do believe the meeting was important to move
the process along," McCain, a Republican senator from Arizona, said after the
meeting.
There is also an ongoing political drama being played out on the bailout plan
and the planned presidential debate today.
McCain announced Wednesday he would suspend his campaign to focus on the
solution for the financial turmoil and also proposed to delay his first debate
with Obama, but Obama said he will go ahead.
McCain's aides accused Obama of putting himself before the country by
sticking to the debate schedule.
But Obama and other Democrats said McCain tried to play a political game and
his involvement in the bailout plan hasn't been helpful so far.
Obama, a Democratic senator from Illinois, reaffirmed yesterday that he will
go to the debate venue in Oxford, Mississippi, today.
McCain still leaves his options open.