Republican presidential nominee John McCain has agreed to participate in tonight's presidential debate in Oxford, Miss., according to his campaign.
McCain's announcement came less than 10 hours before debate time and two days after he had threatened to pull out of the debate should congressional leaders not reach a consensus on a proposed givernment bailout plan. Despite the fact that no such agreement has been reached, McCain changed his position.
Some had speculated that McCain's decision not to attend the debate would have altered the debate cycle, including a possible move of the first preisdential debate to Washington University instead of the vice presidential debate on Oct. 2. Such speculation has ended.
In a statement released today, the McCain campaign attributed the Arizona senator's change of heart to what he saw as the failure of Washington politics to improve the economic crisis.
"John McCain's decision to suspend his campaign was made in the hopes that politics could be set aside to address our economic crisis," the statement read. "In response, Americans saw a familiar spectacle in Washington. At a moment of crisis that threatened the economic security of American families, Washington played the blame game rather than work together to find a solution."
Senator Barack Obama (D-Ill.), McCain's Democratic rival, had always planned to go to the debate. McCain and Obama were in Washington yesterday to help solve the stalemate on the bailout plan. Congressional leaders came close to striking a deal before negotiations collapsed at day's end.

