More Cash for Clunkers Ok'd -- Senate Approves $2b for Popular Program
The Commercial Appeal (2007-Current) › August 07, 2009
Linked as:
Summary
WASHINGTON - Congress sent President Barack Obama legislation Thursday night with an additional $2 billion for "cash for clunkers," the rebate program that caught the fancy of car buyers and instantly increased sales for an auto industry long mired in recession.
The Senate approved the money on a 60-37 vote after administration officials said an initial $1 billion had run out in only 10 days. The House voted last week to keep the program alive, which gives consumers up to $4,500 in federal subsidies if they trade in their cars for new, more energy-efficient models.See the full content of this document
Extract
More Cash for Clunkers Ok'd -- Senate Approves $2b for Popular Program
Without action, lawmakers risked a wave of voter discontent as they left the Capitol for a vacation.
"Cash f...See the full content of this document
Sponsored links
