There's little hope that taxpayers will break even on the government's $49.5 billion bailout of General Motors.
A government watchdog says the Treasury would have to sell its GM stock for $95.51 per share to get its money back. The shares closed Tuesday at $36.61.
Treasury hopes to sell the 189 million GM shares it still owns by early next year.
The special inspector general for the Troubled Asset Relief Program says taxpayers are still $18.1 billion in the hole on the bailout, which GM needed to survive its bankruptcy restructuring in 2009.
Since leaving bankruptcy, GM has earned $17.2 billion. In exchange for the bailout, the government got GM stock. It has reduced its GM stake from 61 percent in 2009 to 14 percent as of last month.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.