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News Summary: Gov’t loss on auto bailout rises

By The Associated Press
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STOCK FLOP: taxpayers will lose $3.3 billion more on the auto industry bailout than the government predicted two months ago, hurt by General Motors’ falling stock price.

BALLOONING BAILOUT: The Treasury Department expects to lose $25.05 billion on the bailout, up from a previous estimated loss of $21.7 billion. GM’s stock price fell 15 percent during that period.

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