Obama's GM Bailout Costs Taxpayers $14 Billion - Bailouts - Fox Nation
Politics

June 01, 2011

Obama's GM Bailout Costs Taxpayers $14 Billion

AP File

The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry.

In a report from the president's National Economic Council, officials said that figure is down from the 60 percent the Treasury Department originally estimated the government would lose following its $80 billion bailout of Chrysler and General Motors in 2009.

Read the full story at Yahoo! News

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