Money | General Motors US Lends GM Another $2B Funds mean firm can keep working towards restructuring deadline By Nick McMaster Posted Apr 24, 2009 2:03 PM CDT Copied General Motors world headquarters is shown in Detroit, Tuesday, April 21, 2009. General Motors Corp. could get as much as $5 billion more in federal loans. (AP Photo/Paul Sancya) The Obama administration provided General Motors with another $2 billion in low-cost federal loans today, MarketWatch reports. The funds are intended to keep the company operating as it attempts to restructure ahead of a June 1 deadline. GM has so far received $15.4 billion in loans from the government. Read These Next Suspect arrested in Jan. 6 pipe bomb case. Don't plan an overnighter to Grand Canyon's South Rim now. Gene Simmons says Congress has to fix the radio business model. Pamela Anderson would rather not be known as Pamela Anderson. Report an error