Thursday, July 30, 2009
'Cash for Clunkers' program runs out of money
These are the same people that want to run your health care
By Dana Hedgpeth | Washington Post Staff Writer
Thursday, July 30, 2009; 10:38 PM
The government's $1 billion "cash for clunkers" program, designed to boost stagnant auto sales, is almost out of money, putting its future in question, government officials said Thursday.
The program started only six days ago, giving vouchers to consumers who trade in their gas-guzzling cars for more fuel-efficient models. But the unexpectedly brisk response made federal transportation officials increasingly fearful Thursday that they would exhaust their allocated funds, according to sources familiar with those discussions.
Transportation Secretary Ray LaHood called members of Congress on Thursday night to warn them that his department would suspend the Car Allowance Rebate System at midnight Thursday because of those concerns, congressional sources said.
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