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WZTV FOX 17 News :: Newsroom - WASTE WATCH: General Motors Bailout
We take a closer look at how much the General Motors bailout could cost taxpayers. The country still owns over 1/4 of the company. There are new calls for the treasury to sell that stock, but it could be costly. The federal government needs to sell its GM shares at $53 a share to break even, but the stock price is currently in the 20s.

"I want to do it at the right time when it's the best investment for taxpayers," says Debbie Stabenow (D-Michigan). "The timing of it is important for a taxpayer standpoint to get as much of the funding back as possible."

The government expects to lose over $25 billion with the GM bailout, but it's estimated over a million jobs were saved. You can find all our WASTE WATCH stories on Fox17.com. Just go to HOT TOPICS and click on WASTE WATCH. You can also submit your ideas for WASTE WATCH stories in that same section.
WASTE WATCH: General Motors Bailout

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