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News Today
* In his first address to a joint session of Congress, U.S. President Barack Obama says his economic agenda -- which includes money to jump-start job-creation and invest in green energy, health care and education -- is a first step to turn things around
* Hong Kong GDP forecast to drop 2% to 3% in 2009.
* Standard & Poor’s (S&P) lowered the outlook for India’s credit rating from stable to negative on Tuesday, indicating higher possibility of a downgrade.
*Third fiscal stimulus package announced by the government on Tuesday in the form of cuts worth Rs 30,000 crore in service tax, excise duty and countervailing duty on imports.
* Federal Reserve chairman Ben Bernanke said Tuesday he sees a "reasonable prospect" for an end to the deep US recession this year