WASHINGTON (Reuters) - U.S. President Barack Obama urged action on a $900 billion stimulus bill before Congress to stave off "catastrophe", as a surge in the number of new jobless benefit claims pointed to an economy in deep recession.
Hopes that the Obama administration will make new moves to shore up the battered financial system boosted Asian stocks on Friday, but the prospects of more grim jobs data from the United States later in the day pushed the dollar lower.
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