Government sold almost $500 million in GM stock last month says new report

The U.S. Government says it has recovered over half the money loaned to GM as part of the bailout.

The U.S. government has sold another chunk of its stake in General Motors Co.

The Treasury Department says in its February report to Congress that it sold $489.9 million worth of GM common stock last month.

The report dated Monday says the government has recovered about $29.8 billion of its $49.5 billion bailout of the Detroit automaker.