McCain calls for Friday's debate at Ole Miss to be delayed

John McCain says he's directing his staff to work with Barack Obama's campaign and the debate commission to delay Friday's debate because of the economic crisis. In a statement, McCain says he will stop campaigning after addressing former President Bill Clinton's Global Initiative session on Thursday and return to Washington to focus on the nation's financial problems.

Update: Ole Miss says the show will go on.

Update II: Obama is speaking live from Florida on the debate now. Obama says this is exactly the time when the American people need to hear from the two who are hoping to become President. You should be able to deal with different things at once, he said. He's prepared to be anywhere at anytime and says he's in touch with congressional and administration officials daily. He believes the debate should go forward.

Update III: The debate commission says the debate will go forward.

Update IV: The suspension of his campaign included a cancellation on David Letterman, who finds out McCain is down the street being interviewed by Katie Couric. He cuts over to the live feed of the interview while taping the Late Show. Here's the video.