The Detroit News reports that the agreement between Gov. Granholm and legislative leaders for a multibillion-dollar business tax relief and high-tech job investment package to save the floundering state economy apparently collapsed yesterday afternoon. The House and Senate passed a package of bills Thursday that Republican leaders said were true to the agreement, but Granholm said Republican leaders reneged on key parts of the deal and has vowed to veto parts of the package (which would totally fall apart as the legislation is formally tied together).

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