Monday, May 25, 2015
Current Weather
Loading Current Weather....
Published: Thursday, 8/6/2009

Congress gives new life to 'cash for clunkers' program


WASHINGTON Congress has passed a $2 billion extension of the popular cash for clunkers program, clearing the legislation for President Obama s signature.

The Senate passed the extension Thursday evening. The House approved the measure last week.

Lawmakers made sure to keep the popular program alive before heading home for a monthlong vacation.

Under cash for clunkers, consumers qualify for up to $4,500 in federal subsidies when they trade in their cars for new, more energy-efficient models. In 10 days, the program has instantly increased sales for an auto industry long mired in recession.

Obama Administration officials have said that without new funds, the program would have expired by Friday.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.