Article updated: 12/24/2012 5:54 AM

Government prepares to sell GM stock

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The Treasury Department said that it will sell its remaining stake in General Motors by early 2014, writing the final chapter of a $50 billion bailout that saved the auto giant but stoked a heated national debate about the government's role in private industry.

Bloomberg News

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The U.S. government’s short stint in the auto business is coming to an end. The Treasury Department said that it will sell its remaining stake in General Motors by early 2014, writing the final chapter of a $50 billion bailout that saved the auto giant but stoked a heated national debate about the government’s role in private industry.