of hours ago. you ve been working this. learning more about also what is to come for the big bank. why is the bank making such massive job layoffs now and what is really to come in the next year or so? reporter: yeah, what we re talking about here is essentially this is citigroup, this i is the bank that got $476 billion in bailout help. it got the most bailout help of any bank. what happened was citigroup was its ceo had stepped down a couple months ago, now they have a new ceo by the name of michael corbett, an is working very aggressively to cut out the excess, the middle management layers, the waste in the operation. the talk on wall street was that there was fears that citigroup may need yet another bailout. the bank has split itself into a good bank and bad bank. fox business is hearing from citigroup that the 11,000 in job layoffs are not the end of the story, an executive telling fox business, don t think that the
veterans. we can t do both. we can t afford it. some people go around and say, well, president is engaging in class warfare. that s not class warfare. that s common sense. [ applause ] that s common sense. the president s plan includes $4 trillion in deficit cuts over the next ten years. most coming by way of new tax revenue and savings from the wars in e pl includes $350 bill for job creation, $476 billion to upgrade the country s transportation system and $141 billion for research and development, including a 5% increase in nondefense research. the republican critique is that the president s plan does nothing significant to reform entitlement programs and it raises taxes. obama s budget would allow the bush era tax cuts to expire for families making $250,000 or more per year. that s coupled with a proposal to have millionaire households