Monday 17th May 2010

The US Treasury Department received a $1.9 billion loan repayment from Chrysler Holding. The Treasury had made a $4 billion loan to the carmaker in January 2009. The loan was reduced by $500 million when assets of Old Chrysler were sold to the new company in June. The latest payment cleared Chrysler of obligations incurred as part of the Troubled Asset Relief Program (TARP).