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Cash for Clunkers : Debacle?
Atlanta Journal Constitution reports in ‘Cash for Clunkers’ running on fumes:
“According to press reports the program, in less than a week, had burned through $950 million of the $1 billion fund that the Obama administration anticipated would last until November.”
Los Angeles Times : Too Many Clunkers not enough Cash
“House Majority Leader Steny Hoyer (D-Md.) told Democrats in a morning meeting that House leaders were working to bring up legislation today that would transfer an additional $2 billion into the program from economic stimulus funds…”
Reuters reports Cash for Clunkers Omits Conversion Option:
“cash for clunkers program … proving too good to be true”
The Associated Press reports House approves $2B more for ‘cash for clunkers’
The House has voted to rush an additional $2 billion into the popular but financially strapped “cash for clunkers” car purchase program.
The bill was approved on a vote of 316-109. House members acted within hours of learning from Transportation Secretary Ray LaHood that the program was running out of money.
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