The Treasury department will begin selling its shares in Citigroup soon -- a move that could result in a $7.5 billion profit for the U.S. government.
The government received a large share in Citigroup, Inc., after giving the company $25 billion during the credit crisis in 2008.
Citigroup stock is now on the rise so, like any good investor, the U.S. plans to sell its shares and make a profit.
The government has been trying to turn around its investments in banks made under the $700 billion TARP. Citigroup received $45 billion of the bailout money.
Of that money, $25 billion was the government's ownership stake in the bank. Citigroup paid back the other $20 billion in December 2009.
The Treasury Department owns about 27 percent of the bank's outstanding stock.