This past weekend, the U.S. Treasury announced that it had received the first quarterly $1 billion repayment from General Motors, as part of GM’s plan to repay the loans provided by the U.S. Treasury under the Automotive Industry Financing Program. Treasury noted that, as a result of GM’s repayment, “the total amount of repaid TARP funds is now $119 billion and an additional $45 billion in repayments is expected next week.”