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LATEST NEWS FROM MARKETPLACE

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TODAY ON MARKETPLACE

• Citigroup, the nation?s second largest banking company, has announced it will cut 53,000 jobs. This cut comes after 23,000 jobs were eliminated from January to September, and decreases the workforce of the previous year by nearly 20 percent. Marketplace?s Jeremy Hobson looks at Citigroup?s attempt to curb financial losses and what the company can do next.
• Inauguration fever is all over Washington as the capital prepares for the swearing-in of the nation's 44th president. Tickets for Barack Obama's swearing-in ceremony and the inaugural parade, as well as hotel rooms, have grown scarce. Marketplace?s Nancy Marshall Genzer reports on how visitors and DC residents are gearing up for Inauguration Day.
• Marketplace host Kai Ryssdal chats with Robert Samuelson about recent price fluctuations. Samuelson, a columnist for Newsweek and the Washington Post, recently wrote the book, ?The Great Inflation and Its Aftermath.?

STORIES FROM MARKETPLACE MORNING REPORT

Citigroup cuts over 50,000 jobs
The Senate is meeting today on the nomination of Neil Barofsky, who would oversee $700 billion rescue package. Some feel Barofsky's presence could help remind executives where taxpayer's money should go. Steve Henn reports.

Senate considers bailout oversight
In a difficult move for European car makers, three big credit insurers in Europe have revoked coverage from auto parts suppliers. Scott Jagow talks to Alisa Roth about the major effect this has for auto makers overseas.

Why a Japanese recession is bad
Japan is the world's second-largest economy, and it shrank in the third quarter for its second drop in a row. But Scott Tong reports the official Japanese recession wasn't directly a result of subprime.

MARKETPLACE WIRE

• Citigroup to shed another 53,000 jobs
• Stocks fluctuate on more economic news
• SEC charges Mark Cuban with insider trading
• Target 3Q profit falls 24 percent in tough economy

MARKETPLACE MONEY PERSONAL FINANCE

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• Daycare costs becoming too much
• Straight Story: Look across the board
• Sharing tales of money woes and wins
• Bank fees could get you in the end
• Getting Personal
• Work Life: Locations manager
• More from Marketplace Money
  
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