(October 15, 2008)—The presidential candidates are getting ready for one final side-by-side comparison, before they head out onto the last leg of their collective journey to the White House.

The third and presidential debate is set to take place at Hofstra University on New York's Long Island.

It is intended to focus on the economy and domestic policy, though voters have already heard a lot on those subjects during the first two debates.

Senators John McCain and Barack Obama will be seated at a desk with the moderator, Bob Schieffer, CBS Chief White House Correspondent.

Both candidates released proposals this week for how to boost the economy.

The stakes in the last debate are higher for McCain as some polls are favoring Obama in a growing number of states.

McCain unveiled a possible debate strategy Tuesday: the argument that on the economy, he'll be different from President Bush and better than Obama.