That Old Auto Bailout Just Got a Little Pricier
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The Treasury Department said today that the auto bailout will cost taxpayers $3.4 billion more than previously estimated. That takes the total price tag for the auto bailout to $25.1 billion from $21.7 billion.
So far the treasury has reclaimed approximately half of the grants and loans given to GM (NYSE: GM), Chrysler, and various suppliers, according to reports.
So far the treasury has reclaimed approximately half of the grants and loans given to GM (NYSE: GM), Chrysler, and various suppliers, according to reports.
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