FACTBOX: Candidates react to Bush's call for global summit

(Reuters) - U.S. President George W. Bush plans to host world leaders on November 15 to discuss the global financial crisis and brainstorm on ways to prevent another meltdown. The meeting will occur just 11 days after the November 4 presidential election.

Bush has invited leaders of the G20, which includes the Group of Seven major industrial economies plus key emerging market countries like China, India and Brazil.

Here is how the presidential candidates reacted to the news.

-- Republican John McCain welcomed the announcement, the Arizona senator's spokeswoman, Jill Hazelbaker, said.

"This summit offers an opportunity to share information, examine ideas, and compare plans for responses to the financial stresses. It is an important opportunity to take urgent steps to recovery and prevention of similar crises in the future."

-- Democrat Barack Obama also welcomed news of the summit.

"I am happy today that the White House announced a summit that provides an opportunity to advance the kind of cooperation I called for last month. America must lead and other nations must be part of the solution too," Obama told reporters.

He said the issues facing the leaders would be too complex to resolve in a single meeting.

"What we are going to have to make some decisions about is how do we set up some rules of the road, how do we set up a regulatory framework, some of which may be very formalized, some which might just be better communication and coordination."

(Editing by David Wiessler)