US to lose money on gov't auto bailout-Geithner

Newswire

DETROIT, April 28 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Thursday that the government will likely lose money from the investments it made in bailing out the auto industry. Speaking to the Detroit Economic Club, Geithner said the government will do everything it can to maximize returns from bailout investments. He also said the United States will push China to reduce subsidies and other protectionist measures that it maintains in order to give its exporters a leg up ...

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