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U.S. Sells Remaining Stake in GM at $11 Billion Loss for Taxpayers

HeadlineDec 10, 2013

The U.S. government has sold its remaining stake in the auto giant General Motors after bailing it out during the economic crisis. The Treasury Department says it has recouped $39 billion of its $50 billion investment, a loss for taxpayers of $11 billion. Overall, the Treasury says its bailout program has turned a profit, recovering $433 billion on investments of $422 billion.

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