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Republican presidential nominee1 John McCain has reversed his earlier decision and decided2 to participate in Friday's long scheduled debate with Democrat3 candidate Barack Obama. McCain had said he would not attend the debate unless there was agreement on a controversial $700 billion plan to shore up the U.S. financial system, something U.S. lawmakers continue to struggling to achieve. VOA's Kent Klein reports from Washington.
John McCain leaves meeting on Capitol Hill in Washington, 26 Sep 2008
Senator John McCain announced Friday he will take part in Friday night's debate with fellow Senator Barack Obama at the University of Mississippi. Earlier in the week, McCain said he was suspending his presidential campaign and wanted to postpone4 the debate until a bailout agreement had been reached.
Both McCain and Obama stopped making campaign appearances and returned to Washington Thursday to meet with President Bush and other officials about the administration's proposed $700 billion rescue plan for the financial industry.
Before leaving for the debate site in Mississippi Friday, Obama repeated his view that he and McCain should debate as planned.
"My strong sense is that the best thing that I could do, rather than to inject presidential politics into some delicate negotiations5, is to go down to Mississippi," he said.
Senate Democratic Majority Leader Harry6 Reid said Friday McCain was not contributing to a solution. "The insertion of presidential politics has not been helpful," he said. "All he has done is stand in front of the cameras. We still do not know where he stands on the issue."
Senate Republican Minority Leader Mitch McConnell disagreed, saying both McCain and Obama helped the process along.
"Both presidential candidates coming back [to Washington] was actually helpful," he said. "It underscored the significance of moving forward and moving forward on a bipartisan basis and doing it quickly. So I think Senator McCain's role has been entirely7 constructive8."
Top Republican and Democratic lawmakers continued meeting with Treasury9 Secretary Henry Paulson and other administration officials Friday, to try to work out an economic rescue plan.
U.S. President George Bush urged lawmakers Friday to rise to the occasion and reach agreement soon. "There are disagreements over aspects of the rescue plan," he said. "But there is no disagreement that something substantial must be done. The legislative10 process is sometimes not very pretty, but we are going to get a package passed."
Much of the opposition11 to the proposal has come from within President Bush's own party. Republicans in the House of Representatives are demanding "serious consideration" of a proposal which would sharply limit government assistance to financial institutions that are in trouble because of bad loans they made.
House Republican Leader John Boehner responds to reporters' questions on the status of legislative negotiations regarding the financial crisis,on Capitol Hill in Washington, 26 Sep 2008
House Republican Minority Leader John Boehner said Friday he is being bullied12 by the White House. "I do not know what games were being played at the White House yesterday, ganging up on Boehner, but if they thought they were rolling me, they were kidding themselves," he said.
Boehner says he and fellow House Republicans are protecting the taxpayers13' best interests. "There are a lot of proposals out there that will work," he said. "What we have got to do is to do our best on behalf of taxpayers."
Public opinion polls show that the president's economic rescue plan is not popular. Only 30 percent of Americans polled say they support the bailout package. Another 45 percent oppose the plan, and 25 percent are unsure about it.
Republicans and Democrats14 in the Senate said publicly Friday they will work together to find an acceptable solution quickly.
The latest news from the U.S. economy highlights the urgency of the situation. The Commerce Department reported Friday that the U.S. gross domestic product increased at a 2.8 percent annual rate from April to June, less than the 3.3 percent growth estimate made one month ago.
Also, Thursday saw the largest single bank failure in U.S. history. Washington Mutual15 collapsed16, and its $307 billion in assets were sold to JP Morgan Chase for $1.9 billion.
1 nominee | |
n.被提名者;被任命者;被推荐者 | |
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2 decided | |
adj.决定了的,坚决的;明显的,明确的 | |
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3 democrat | |
n.民主主义者,民主人士;民主党党员 | |
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4 postpone | |
v.延期,推迟 | |
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5 negotiations | |
协商( negotiation的名词复数 ); 谈判; 完成(难事); 通过 | |
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6 harry | |
vt.掠夺,蹂躏,使苦恼 | |
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7 entirely | |
ad.全部地,完整地;完全地,彻底地 | |
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8 constructive | |
adj.建设的,建设性的 | |
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9 treasury | |
n.宝库;国库,金库;文库 | |
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10 legislative | |
n.立法机构,立法权;adj.立法的,有立法权的 | |
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11 opposition | |
n.反对,敌对 | |
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12 bullied | |
adj.被欺负了v.恐吓,威逼( bully的过去式和过去分词 ) | |
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13 taxpayers | |
纳税人,纳税的机构( taxpayer的名词复数 ) | |
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14 democrats | |
n.民主主义者,民主人士( democrat的名词复数 ) | |
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15 mutual | |
adj.相互的,彼此的;共同的,共有的 | |
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16 collapsed | |
adj.倒塌的 | |
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