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US to make profit from bailouts, Treasury says
The US will make a profit from bailing out the nation's banks and carmakers at the height of the financial crisis, the Treasury Department has said.
The bank bailouts may result in a return of $2bn, the Treasury said in its latest projections for the government's response to the crisis.
And the recovering auto industry has added 230,000 jobs as a result.
In terms of the bank bailouts, the much-maligned Troubled Asset Relief Program (Tarp) that provided money to more than 700 banks has already realised a $19bn profit.