Obama: Auto Bailout ‘Officially Over’

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 cars

President Obama kicked off his year-end press conference by announcing the U.S. government’s rescue of the auto industry is “officially over.”

Hours earlier, the Treasury Department sold its remaining stake in Ally Financial Inc., formerly the financing arm of General Motors. The U.S. lost about $10 billion on the bailout. Read more at Detroit News.

{Andy Heller-Matzav.com Newscenter}

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