Update, 2:40 pm
Marc Ambinder at The Atlantic has a joint statement issued by Obama and McCain on the meeting:
"At this defining moment in history, we believe that Americans of all parties want and need their leaders to come together and change the bad habits of Washington so that we can solve the common and urgent challenges of our time. It is in this spirit that we had a productive conversation today about the need to launch a new era of reform where we take on government waste and bitter partisanship in Washington in order to restore trust in government, and bring back prosperity and opportunity for every hardworking American family. We hope to work together in the days and months ahead on critical challenges like solving our financial crisis, creating a new energy economy, and protecting our nation's security."
Update, 1:40 pm
Ken Bazinet of the New York Daily News offers this pool report from the brief meeting.
Asked about the goal of the meeting, Mr. Obama said, "We're going to have a good conversation about how we can do some work together to fix up the country, and also to offer thanks to Sen. McCain for the outstanding service he's already rendered."...
Your pool tried to get the President-elect to answer a question on the auto industry bail out, but was shouted down by the pool sherpas. Mr. Obama finally said with a smile, "You're incorrigible."
Sitting around a coffee table, with three U.S. flags behind them, were: Sen. Lindsey Graham (R-S.C.) Sen. John McCain (R-Ariz.), President-elect Barack Obama and Rep. Rahm Emanuel (D-Ill.), the chief-of-staff-designate.
Your pool was in and out in about three minutes.
CHICAGO - President-elect Barack Obama says he and Republican Sen. John McCain plan to work together to "fix up the country."
The two former rivals met in Obama's transition office Monday in Chicago. Rahm Emanuel, Obama's incoming White House chief of staff, participated in the meeting, as did McCain's close friend, South Carolina Republican Sen. Lindsey Graham.
Obama said that he and McCain were "just gonna have a good conversation about how we can do some work together to fix up the country. And also to offer thanks to Sen. McCain for the outstanding service he's already rendered."
When asked if he planned to help the Obama administration, McCain replied, "obviously."