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General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June and could go public in a way that would allow taxpayers to make a profit on the bailout, Chief Executive Ed Whitacre said on Wednesday.

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GM CEO says U.S. will make money on bailout (Reuters via Yahoo! News)

General Motors Co. dumped its corporate jets last year while in bankruptcy after being berated by lawmakers in late 2008 for flying top executives to Washington to ask for a bailout.

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GM CEO Whitacre flying on AT&T jets (Detroit News)