General Motors' Falling Stock Pushes Estimated Bailout Up - Northern Michigan's News Leader

General Motors' Falling Stock Pushes Estimated Bailout Up

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General Motors' stock price continues to fall, pushing up the government's estimated bailout loss.

The U.S. Treasury Department says the loss has grown from 21.7 billion to 25 billion.

GM shares have also fallen from $33 dollars in 2010 to just over $20 dollars today.

The Auto Company now has a bid in for Ally Financial's International Operations.

Ally is 74% owned by the U.S. Government and was GM's financial arm until the banking meltdown in 2008.

The sale of its international operations would help Ally pay back some of its bailout money it still owes the government.