General Motors will not need any more federal aid, its chairman says.

The Washington Post reports, "General Motors chief executive Fritz Henderson was in Washington on Wednesday visiting with the company's major shareholder -- that is to say, the U.S. government." In a meeting with reporters, Henderson insisted that, under "any reasonable planning scenario," GM "will not request more federal aid. The amount of financing provided was sufficient."

GM faces a potential backlash over reports that its former financing arm, GMAC, may accept a third loan from the federal TARP bailout fund. The two companies maintain a close relationships - GMAC provides financing for most GM dealerships and many who buy new GM vehicles do so with GMAC financing - but GM no longer controls GMAC.

Some are skeptical of GM's recovery. Autoblog notes, "four months into his job is too soon for Henderson to be making promises for years out, so at the very least."

But, Henderson told reporters, the company may eventually be in such a stable condition that it can repay government loans ahead of schedule. "The loans are due in 2015," he told the Post. "We are looking at all kinds of ways that would actually accelerate that."

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