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Bush acknowledges economic uncertainty (AP)

President Bush gestures after signing the 2008 Economic Report, Monday, Feb. 11, 2008, in the Oval Office of the White House in Washington. (AP Photo/Pablo Martinez Monsivais)AP - President Bush, acknowledging that the country is suffering through a period of economic uncertainty, called on Congress Monday to do more to help people and businesses hurt by the housing slump and credit crunch.

Many believe US already in a recession (AP)

Chart shows public attitudes about the current economy; two sizes; 1c x 5 inches; 46.5 mm x 127 mm; 2c x 2 3/4 inches; 96.3 mm x 69.9 mmAP - Empty homes and for-sale signs clutter neighborhoods. You’ve lost your job or know someone who has. Your paycheck and nest egg are taking a hit.

Survey: Gas prices drop 3 cents to $2.94 (AP)

A motorist holds a fuel pump at a petrol station in Tehran.   Oil prices eased Tuesday as the market kept watch on the outlook for the slowing US economy and its impact on crude demand, while tracking Venezuela's threat to cut US supplies, dealers said.(AFP/File/Behrouz Mehri)AP - The national average price for gasoline fell about 3 cents over the last two weeks, according to a survey released Sunday.

Reality check for Europe (Reuters)

Reuters - The extent of Europe’s
infection from the U.S. subprime mortgage virus is becoming
clearer, even as the European Central Bank faces down calls for
it to follow U.S. and UK counterparts by cutting interest
rates.

Blue Chip panel puts U.S. recession odds at 50 percent (Reuters)

Reuters - The odds of a U.S. recession stand
at nearly 50 percent amid a spate of data showing a weakening
labor market, signs of more credit tightening and turmoil in
the financial markets, the latest Blue Chip Economic forecast
is projecting.

IBD’s Top 10 - Friday (Investor’s Business Daily)

Investor’s Business Daily - 1 The U.S. has entered a recession that’ll be deeper and longer than recent slumps, said Richard Curtin, head of the Reuters/Univ. of Mich. consumer sentiment survey. Other economists aren’t so sure. Several fed officials have said recession risks have risen, but it’s not a done deal. The ECRI leading U.S. index’s growth rate fell to -7.9%, the worst since the ‘01 recession.

SEC may seek more disclosure by credit raters (Reuters)

Reuters - The Securities and Exchange
Commission may propose requiring credit rating agencies to
differentiate between corporate bonds and structured finance
products as well as make disclosures around past ratings, the
agency’s chairman said on Friday.

Recession to be longer than usual: UMich (Reuters)

Reuters - The U.S. economy has entered a
recession that will be more painful and drawn out than the
usual downturn, the director of the Reuters/University of
Michigan consumer sentiment survey said on Friday.

Bush: Will sign economic stimulus bill next week (Reuters)

President Bush pauses during delivering remarks at the Conservative Political Action Conference convention in Washington February 8, 2008. (Jonathan Ernst/Reuters)Reuters - U.S. President George W. Bush said
on Friday he would sign a $152 billion economic stimulus
package into law next week.