Gov’t report says US lost $11.2B on GM bailout

Published April 30, 2014 9:09pm ET



NEW YORK (AP) — A new report says taxpayers lost $11.2 billion on the government’s bailout of General Motors.

The estimate comes from a quarterly report Wednesday to Congress by a government watchdog that oversees the bailout, and is up from a previous estimate of $10.5 billion.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.