How much money does General Motors owe the United States federal government?
As of September 2012, General Motors (GM) is still indebted to the US Government for $27.2 billion.
As part of the Troubled Asset Relief Program (TARP), GM received a total of $50.7 billion. The government also holds an approximately 26% stake in the equity of GM. A current report issued to Congress showed that if the government were to sell its position in GM, it would be at a loss of $25.1 billion to the American taxpayer.
Chrysler, on the other hand, has repaid all of it TARP loans. The loans were not due until 2017, but Chrysler paid them off early in May 2011.
While the government is expected to lose money overall on the auto industry bailout, it has actually made money on the bank bailout. They disbursed $245 billion to the banks, and received principal repayments of $230 billion and interest payments of $34 billion.
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