The United States treasury is expected to continue to unwind itself from an unprecedented 2008 bailout of AIG Corp. by selling abut $5 billion more in AIG stock and reducing its ownership to 63 percent, reports the Los Angeles Times.

AIG’s stock price is up 41.5 percent this year, and the government has priced AIG stock at $30.50 each.

The sale brings American taxpayers’ obligations to $39 billion from $182 billion in 2008.

Read more at the Los Angeles Times.

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Amber Baillie
A Colorado native, Amber Baillie graduated from the University of Northern Colorado with a bachelor’s degree in journalism and mass communications. For over three years, she wrote for the Air Force Academy's official base newspaper and has written articles for Your Boulder and the Cheyenne and Woodmen Editions. For the Business Journal, she covers cyber, aerospace and defense, and nonprofit news.