VELSHI: Twenty-four minutes after the hour. Watching your money this morning. U.S. taxpayers likely lost $1.3 billion in the bailout of Chrysler. The treasury department said it sold its remaining stake in Chrysler to Italian automaker, Fiat, for more than half a billion dollars. This marks the end of the 2009 bailout that was part of the troubled asset relief program or T.A.R.P. Investors feeling cautious going in today's trading session. Uncertainty running high over those debt ceiling talks in Washington. A lot of movement in U.S. stock futures this morning. Right now, their trading is pretty flat. They lost a lot of ground since earlier this morning. Now, part of that downward movement due to Caterpillar reporting that its earning missed expectations. Investors also sorting through earnings for McDonald's, Honeywell, Verizon, and General Electric. They all reported stronger than expected earnings for the last quarter in the last couple of hours. Up next, shocking claims overnight. Rupert Murdoch's son accused of giving, quote, "mistaken evidence to parliament." We're live in London next. AMERICAN MORNING back after the break.
U.S. Loses $1.3 Billion In Chrysler Bailout