GM, Hartford Financial repay billions of bailout dollars

April 03, 2010

The Treasury Department says automaker General Motors Co. and insurer Hartford Financial Services Group Inc. have repaid billions of bailout dollars. Treasury says GM repaid $1 billion of $6.7 billion in loans it received as part of a $50 billion rescue. Hartford repaid its entire $3.4 billion bailout. The money came from a $700 billion bailout that Congress passed in October 2008 amid the worst financial crisis in generations. The payments mean Treasury has been repaid $181 billion of the money it disbursed.

- Associated Press

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