Treasury Ups Losses On Automotive Bailout To Over $25.1 Billion

Agent009 submitted on 8/14/2012 Auto Spies Photos Timestamp: 9:55:14 AM

Views : 8,792 | Category: Misc News | Source: | SOURCE: in.reuters.com

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The U.S. Treasury Department has said the auto industry bailout will cost taxpayers $3.4 billion more than previously thought.

Treasury now estimates the 2009 bailout will eventually cost the government $25.1 billion, according to a report sent to Congress on Friday.

That is up from the last quarterly estimate of $21.7 billion.


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Treasury Ups Losses On Automotive Bailout To Over $25.1 Billion

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