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But Treasury notes that when including $65.4 million in dividends and interest, the return from investment was $427.4 million.

The profits from the investment will help offset losses in the broader financial bailout, known as the Troubled Asset Relief Program. The government has recovered about $334 billion of the $415 billion that was lent to financial institutions and automakers under TARP.

The bulk of the money still owed taxpayers is from big insurer American International Group Inc., around $50 billion; General Motors Co., about $25 billion; and Ally Financial Inc., about $12 billion.

Separately, the government spent more than $150 billion to rescue mortgage finance giants Fannie Mae and Freddie Mac, the most expensive bailout of the 2008 financial crisis. It could cost nearly $200 billion more to support the companies through 2014 after subtracting dividend payments, according to the government agency that oversees them.


Mayor-elect seeks court’s help to get him in office

LAS CRUCES — The mayor-elect of a New Mexico border town is turning to the state Supreme Court to help get him into office.

Daniel Salinas’ attorney asked the court Wednesday to direct the 3rd Judicial District Court to revise an order that prevents him from contacting the Sunland Park city clerk.

Under state law, Mr. Salinas must be sworn in by April 5 or forfeit the seat. But the city clerk must administer the oath.

Mr. Salinas faces extortion charges in an alleged plot to force out another mayoral candidate by threatening to release a video of a topless woman dancing for him.

The Las Cruces Sun-News reports that Mr. Salinas’ attorney alleges the court order violates his constitutional rights and amounts to the court indirectly interfering with an election.


U.S. to give Tunisia $100M for debt relief

The Obama administration says it will give $100 million in cash to Tunisia for short-term debt relief as the North African country struggles to improve its economy after the ouster of its longtime authoritarian leader last year.

The move, which will require congressional approval, was announced Thursday by Secretary of State Hillary Rodham Clinton. She has visited Tunisia twice since its revolution sparked the unrest that is now sweeping the Arab world. Mrs. Clinton said the money would go to pay Tunisia’s debt to the World Bank and African Development Bank.

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