Stakes is high

Treasury announces it will raise stake in Citigroup to 36%; Pandit will stay. (NYT)

Obama and Orszag introduce new budget; Wall Street Journal publishes analysis with headline “Wealthy lose out as others gain.” (WSJ)

Gates ends policy banning pictures of soldiers’ coffins. (AP)

FBI arrests Stanford investment chief; SEC was alerted of Ponzi scheme five years ago. (FT)

Commerce announces economy shrank at 6.2% rate last quarter, most in 26 years. (Bloomberg)