Citi is still stuck in TARP, but the program may cost $200 billion less


Now that most of the biggest banks have either escaped the Troubled Asset Relief Program or soon will, Citigroup wants out of TARP too. It's worried that it will lose employees to banks that can pay more because they aren't under government control, but the government said no deal, Bloomberg reported today.

But there's good news for Main Street: Now that many of the biggest banks have repaid their TARP loans, the Obama administration plans to cut the projected long-term cost of TARP by $200 billion, which leaves room for a new jobs program.