PolitiCollision - UPDATE: Taxpayer loss on auto bailout revised upward to $25b... http://www.politicollision.com/story.php?title=update-taxpayer-loss-on-auto-bailout-revised-upward-to-25b-- Washington -The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That's 15 percent higher than its previous forecast. In a monthly report sent to Congress on Friday, the Obama administration boosted its forecast of expected losses by more than $3.3 billion to almost $25.1 billion, up from $21.7 billion in the last quarterly update. Continued... Tue, 14 Aug 2012 03:03:22 EDT en