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Citigroup says it could face as much as $11 billion more in losses -- after it took almost $6 billion in write-offs last month. Former Treasury Secretary Robert Rubin has been elevated to chairman to fix things. But what will happen to its retail banking business? Jill Barshay reports.

Another Star Tribune Q & A column....

Profits in municipal bonds are on their way to surpassing last year's record. Amy Scott tells us why it's a good time for local governments to borrow -- and why the deals will likely keep coming.

Chicago is set to announce a plan to significantly reduce greenhouse gas emissions over the next 40 years. Sarah Gardner reports on the city law's bend towards a greener mentality.

The Writers Guild of America kicked off its first strike today in 20 years. Dan Grech reports the first casualty will be talk shows -- and with it, a shrinking audience and loss of advertising.

Authentic Persian rugs imported to the U.S. can run up to $100,000, retail. But Americans don't really get the real deal anymore, and Iran does much better business in Asia and Europe. Lisa Chow has more.

Charles Prince's departure from Citigroup was expected, but what investors weren't anticipating were the bank's latest subprime losses. Stephen Beard explores what this could mean for the European market.

The Supreme Court hears a case today that will decide whether it's legal for states to exempt in-state bond interest from income tax while taxing out-of-state bonds. Jeremy Hobson reports.

Charles Schulz's humble "Peanuts" strip grew into a $1.2 billion empire by the 1990's. Lisa Napoli talks to David Michaelis, author of a new Schulz biography, on the cartoonist's trailblazing efforts in merchandising.

The "mother of all tax bills" has arrived in Congress, which may finally mean the end of the Alternative Minimum Tax. Economics Editor Chris Farrell looks at the newest attempt at tax reform.