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Treasury pressures; Citi scraps jet plans

From NBC's Chuck Todd and Lisa Myers
WASHINGTON -- The Treasury Department pressured Citigroup yesterday to abandon plans to buy a new corporate jet, an Obama administration official said.

Citigroup got the message and said in a statement this morning "we have no intent to take delivery of any new aircraft."

The company came under criticism for its plans for a new plane because it has received federal bailout money.

Several lawmakers have expressed concern about how banks have been spending the money the government has provided to help them through the current credit crunch and Pres. Obama himself has called for a better accounting of the federal money being provided to struggling companies.