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Evidence of a recession grows higher (NBC 13 Birmingham) WASHINGTON (AP) - Evidence of a recession piled ever higher Friday, with new figures showing Americans are spending less and gloomy about the economy, while the government signaled it won’t buy stock in the financing arms of auto companies to prop them up.
Mich. gov expects budget cuts, wants federal help (AP via Yahoo! Finance) Michigan Gov. Jennifer Granholm on Thursday braced for budget cuts and said government must act urgently to help domestic automakers and people hit hardest by the economic downturn, including homeowners on the brink of foreclosure.