Fed may get increased authority

The U.S. treasury secretary Henry Paulson has planned to make market regulation that will improve to give the Federal Reserve more powers and authority .The federal became the biggest lenders when the take over of Bear Stern by JPMorgan Chase & Co. took place.
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Stock market in Japan falls

The Japan’s biggest export market U.S. released the reports that the spending on consumer goods is reducing in U.S. and this has hit the Japan Stock market that registered a low after almost 18 years.
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Republicans support to Obama

The Pennsylvania primaries and the general elections will be held in a few weeks and the Obama policy of not supporting the war in Iraq is helping him gain support. Barack Obama is getting support for his independent and non biased views on major issues and his consistent non support to major topics like Iraq War.
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Democratic coming forward to endorse Obama

Senator Hillary Clinton’s husband, Bill Clinton has been appealing the democrats to wait for the next few results before coming to a conclusion. Many democrats have suggested Hillary to withdraw from the race for presidential elections and many democrats are coming forward to endorse Obama.
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