Obama plan clears first hurdle, Asian markets cheer (Reuters)

A man with his son passes an electronic board displaying share prices outside a brokerage in Tokyo January 27, 2009. (Yuriko Nakao/Reuters)Reuters – U.S. President Barack Obama’s $825 billion stimulus plan cleared its first Congressional hurdle as the Federal Reserve eyed more extreme measures to ease credit market strains, boosting Asian stocks despite deep skepticism that a global slowdown can be reversed quickly.

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