The New York Times reports on the preparations for the upcoming Presidential and Vice Presidential Debates.

Preparation for these debates is akin to that of a heavyweight fight.  Mr. Obama plans to begin debate camp on Tuesday with a tight circle of advisers at a site in the Tampa Bay area of Florida, his aides say, with a prominent Democratic lawyer, Greg Craig, playing the part of Mr. McCain in mock debates. McCain aides refused to say when his debate camp would be or where, or who was playing Mr. Obama or Mr. Biden. (Gov. Jennifer M. Granholm, Democrat of Michigan, is playing Ms. Palin for Mr. Biden's preparations.)

The Obama and McCain campaigns have agreed to an unusual free-flowing format for the three televised presidential debates, which begin Friday.  Mr. Obama successfully sought to flip the proposed topics for the first and third debates, so foreign policy is now coming first and economic and other domestic issues come last. There is a second debate, in the format of a town hall meeting, in which the candidates will sit on director's chairs and take questions from the audience and Internet users on any topic.

The debate commission had proposed that the first debate be on economic issues and the third on foreign policy - in part, people involved in the process said, because the first debate is usually the most watched, and many voters rank the economy as their top concern.

Mr. Obama wanted foreign policy first to show viewers that he could provide depth, strength and intelligence on those issues, his advisers said, given that Mr. McCain consistently wins higher ratings in opinion polls as a potential commander in chief.

Mr. Obama wanted domestic issues to come last; advisers said that they believed even before the start of the financial crisis that the election was most likely to turn on the state of the economy and that he wanted the final televised exchange to focus on those concerns. He has argued that Mr. McCain would continue the economic policies of President Bush.

Mr. McCain also wanted foreign policy topics to come first in the debates, his aides said, in the hope of capitalizing on his positive reputation on national security issues across party lines.

Both campaigns see the four debates as pivotal moments in a presidential race that is not only extraordinarily close but also drawing intense interest from voters; roughly 40 million viewers watched the major speeches at the two parties' conventions. The upheaval in the financial markets has recast the race in recent days, moreover, which both sides believe will only heighten attention for the debates.

The outcome of this very close campaign may very well hinge on the performance in these debates.  I am planning to gather with friends for a Friday night debate party.  This reminds me of the Friday night fights on the radio when I was a child.

ARE YOU READY TO RUMBLE???