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Report: Auto Bailout Cost Taxpayers $3.4B More Than Estimated

Aug 14, 2012 12:30 pm

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The federal government’s bailout of the auto industry will cost $3.4 billion more than previously thought, according to revised estimates this week from the Treasury Department. The department now says the taxpayer burden is $25.1 billion, up from the last quarterly estimate of $21.7 billion, Reuters reported Monday. The 2009 federal bailout of General Motors [...]

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