10/17/2008 05:12 am ET | Updated May 25, 2011

Democrats Go On Offense

Barack Obama fought to regain the initiative in the presidential race on Tuesday as the Wall Street financial crisis threatened to stall the recent burst of momentum behind John McCain.

The banking meltdown has thrust the economy back to the centre of the campaign, giving Mr Obama a chance to hit back after two weeks of declining poll numbers and escalating Republican attacks.

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