Morning Buzz: Feb. 4, 2008

Google has issued a public reaction to Microsoft's $44 billion bid to acquire Yahoo! and the tone of its response is decidedly negative. The company's chief legal officer, David Drummond, published a statement on Google's website on Sunday in which he wrote: "Microsoft's hostile bid for Yahoo! raises troubling questions. This is about more than simply a financial transaction, one company taking over another. It's about preserving the underlying principles of the Internet: openness and innovation."

President Bush has put together a $3 trillion budget for his final year in office that increases funding for the military and homeland security while calling for cuts in government healthcare, according to administration officials. High-ranking Democrats who have seen the budget proposal have quickly condemned it and say it will lead to cutbacks and a sharply increased national debt.

The New York Giants upset Tom Brady and the New England Patriots last night 17-14 to win Super Bowl XLII and rob the Patriots of a perfect 19-0 season. Giants quarterback Eli Manning was named Super Bowl MVP.