Pelosi Statement Following Meeting with General Motors' CEO Ed Whitacre

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Apr 21, 2010, 07:00 ET

WASHINGTON, April 21 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi released the following statement after a meeting with General Motors' CEO Ed Whitacre this afternoon in the Capitol. This week, General Motors announced it would repay, ahead of schedule, $4.7 billion of its outstanding cash obligation to the U.S. Treasury.

"GM's announcement this week is welcome news and validates Democrats' insistence from the very beginning that federal assistance to the auto industry be repaid in full to U.S. taxpayers. GM must continue on a path toward innovation, energy efficiency, and global competitiveness to ensure that taxpayers recoup their full investment."

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