Two neo-Nazi skinheads have been arrested over plans to assassinate United States presidential candidate Barack Obama.

They are also believed to have been planning to go on a killing spree in Tennessee before the assassination attempt.

They allegedly intended to kill 88 black people and behead 14 more.

“The two young men, who were arrested at (the) tail end of last week, are 20-year-old Daniel Cowart and 18-year-old Paul Schlesselman. They have arrested them with some weapons and authorities say they planned to rob a gun shop to get more,” reported Sky News' Ian Woods.

The latest revelation comes just seven days before Americans go to the polls.

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