The United States government has sold off its remaining stock in General Motors, revealing that the bailout of GM cost roughly $10 billion.
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The U.S. Treasury Department plans on selling its remaining shares of General Motors by the the end of the year.
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The U.S. government has officially booked a $9.7-billion loss on the bailout of General Motors.
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As the U.S. Treasury Department looks to sell off its remaining shares of General Motors stock, its April report to Congress stated that it has sold 58.4-million shares so far this year, earning net proceeds of $1.6 billion.
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