General Motors plans to make another round of $1.19-billion loan payments to the U.S. and Canadian governments on Wednesday, the company said today.

Quote from the article:

Last December, the Detroit automaker made similar payments as part of its efforts to pay off the $6.7 billion U.S. and $1.4 billion Canadian government loans. “Given the progress the company is making, GM has every confidence that the remainder of the loans will be paid in full by June 2010; five years ahead of schedule,” GM Chairman and CEO Ed Whitacre said in a statement. Paying off the loans is only the first step for taxpayers to get their money back from helping GM stay alive last year. The next step will be launching GM as a public company again. GM is expected to release its fourth quarter financial results from last year soon.

Source: GM to make another round of loan payments to taxpayers. Government confused by INCOMING money.