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Stabenow Praises GM for Commitment to Repay Government TARP Loans by June

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Location: Washington, DC

Stabenow Praises GM for Commitment to Repay Government TARP Loans by June

U.S. Senator Debbie Stabenow (D-MI) today praised General Motors following the company's announcement that it plans to fully pay back TARP loans to the U.S. Treasury Department by June.

"Today's announcement by GM is an assurance to taxpayers that the company is making tremendous progress toward financial viability. Since emerging from bankruptcy last year, GM has made critical investments in advanced clean energy vehicles to help transform our auto industry and create jobs.

"I am pleased that GM is moving in the right direction and look forward to the company's future success."

-- U.S. Senator Debbie Stabenow


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