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Government closer to selling last of GM stock
WASHINGTON, D.C. (NEWSCHANNEL 3) - The government is getting closer to selling all of its General Motors Company stock.
In its August report to Congress the Treasury Department said it sold $811-million- worth of GM common stock last month.
The report also says the government has recovered about $35.4 billion of its bailout given to the Detroit automaker.
That means taxpayers are still $14.1 billion in the hole.