“The U.S. Treasury raised its estimate of the net cost to U.S. taxpayers of rescuing the country’s auto industry by $3.3 billion, as the weak economy restrains the industry’s rebound.  The Treasury told Congress in a new report seen on its website Monday that the cost of the government’s massive bailout of Detroit in the economic crisis of 2007-2008 would hit $25 billion, based on figures to May 31.  A year ago, when hopes were that the economy was solidly recovering and the housing market might turn around, the Treasury was projecting losses on the industry bailout of just $14.3 billion.”

http://www.rawstory.com/rs/2012/08/14/u-s-auto-bailout-cost-keeps-rising/

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