McCain to participate in debate

WASHINGTON – Republican John McCain agreed to attend the first presidential debate Friday night even though Congress doesn’t have a bailout deal, reversing an earlier decision to delay the event until Washington had taken action to address the crisis.

With less than 10 hours until the debate was scheduled to start, the McCain campaign announced that the Arizona senator would travel to the University of Mississippi. The campaign said that afterward McCain would fly back to Washington to continue working on the financial crisis.

Obama had always planned to attend the debate and was onboard his plane preparing to take off when McCain’s announcement was made.

The McCain campaign’s statement said he was optimistic that there has been progress toward a bipartisan agreement. But earlier in the week, McCain said he would delay the debate “until we have taken action to address this crisis.”

“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,” the McCain campaign said in a statement.