Here is the timeline of events according to both campaigns source From the Obama campaign:
At 8:30 this morning, Senator Obama called Senator McCain to ask him if he would join in issuing a joint statement outlining their shared principles and conditions for the Treasury proposal and urging Congress and the White House to act in a bipartisan manner to pass such a proposal. At 2:30 this afternoon, Senator McCain returned Senator Obama's call and agreed to join him in issuing such a statement. The two campaigns are currently working together on the details.
From the McCain campaign:
Senator Obama phoned Senator McCain at 8:30 am this morning but did not reach him. The topic of Senator Obama's call to Senator McCain was never discussed. Senator McCain was meeting with economic advisers and talking to leaders in Congress throughout the day prior to calling Senator Obama. At 2:30 pm, Senator McCain phoned Senator Obama and expressed deep concern that the plan on the table would not pass as it currently stands. He asked Senator Obama to join him in returning to Washington to lead a bipartisan effort to solve this problem.
"It seems that today during the time Barack Obama was waiting to hear back from Sen. McCain about their planned joint statement -- and while McCain says he was meeting with key advisors and becoming increasingly concerned about the financial crisis facing the country -- he was actually holding a special meeting with Lady Lynn Forester de Rothschild, who once supported Hillary Clinton but now is supporting McCain because she thinks Obama is "elitist".
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