Auto Industry Bailout, Taxpayer | featured news

The government expects to recover more money than anticipated from the auto bailout as it pulls back financially from the sector, but taxpayers still face billions in potential losses, the White House said.

A congressional panel says taxpayers' estimated loss is down from $40 billion, and the three biggest recipients of bailout funds are heading toward financial stability. But whether the entire investment is recouped remains to be seen.

The U.S. Troubled Asset Relief Program, which risked $700 billion of government funds to bail out troubled banks and automakers, will cost taxpayers a mere $25 billion, according to an estimate released on Monday by the nonpartisan Congressional Budget Office.