Lawmakers pass $2 billion bill to keep program alive; will go to Senate
WASHINGTON - The House voted overwhelmingly Friday to rush $2 billion into the popular but financially strapped "cash for clunkers" car purchase program, heeding calls from consumers eager to keep taking advantage of thousands of dollars in trade-in incentives.
House members approved the measure 316-109 within hours of learning from Transportation Secretary Ray LaHood that the program was running out of money.
President Barack Obama said he was encouraged by the House action to keep alive a program that had "succeeded well beyond our expectations." Senate action is likely next week, ensuring the program won' be affected by the sudden shortage of cash.
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7 comments:
I Told You!
Great program. Helps the economy helps the environment. God bless President Obama.
Can you say REPO?
LOLOLOL
That dumpster is loaded improperly, and if the driver shows up to haul that to the dump he's....
Gonna drop that car off at the next car lot that'll give him fifty bucks for it!
going to repeat the housing bubble/burst.....this time with auto's
i hear the dealerships were only supposed to sell 17 and they went ovr... cant wait to start blowing the clunker engines up
Still shaking my head...guess I am stuck with my 98 that gets 36mpg
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