WASHINGTON — A fresh report says the administration’s financial bailout program will see a $23 billion loss in the year that finished Sept. 30, compared with a $37 billion gain on taxpayers’ investment the year before.The Congressional Budget Office made the prediction in its report issued Tuesday on the federal budget. The expected loss is mainly due to the drop in the stock prices of Common Motors and insurer American International Collection, in which the administration still holds huge stakes.Glance at More…
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