House OKs $2 billion more for ‘cash for clunkers’

cash for clunkers

After a surge of car sales drains the program’s funds, legislation is rushed through to provide additional money. The Senate still has to act.

Reporting from Washington and Los Angeles — The House today approved an additional $2 billion for the government’s “cash for clunkers” program, moving unusually quickly to replenish the program after overwhelming demand from consumers left the initiative in danger of shutting down because of lack of funds.

The 316-109 vote showed the strong bipartisan support for the program. The Senate could take up the bill next week. But supporters hope that cash for clunkers can continue to operate, knowing that additional money was in the pipeline.

Read more at: Los Angeles Times

___________

{Photography by Mike McCaffrey}

http://creditcardsmojo.com/wp-content/plugins/sociofluid/images/digg_32.png http://creditcardsmojo.com/wp-content/plugins/sociofluid/images/reddit_32.png http://creditcardsmojo.com/wp-content/plugins/sociofluid/images/stumbleupon_32.png http://creditcardsmojo.com/wp-content/plugins/sociofluid/images/delicious_32.png http://creditcardsmojo.com/wp-content/plugins/sociofluid/images/blogmarks_32.png http://creditcardsmojo.com/wp-content/plugins/sociofluid/images/furl_32.png http://creditcardsmojo.com/wp-content/plugins/sociofluid/images/technorati_32.png http://creditcardsmojo.com/wp-content/plugins/sociofluid/images/google_32.png http://creditcardsmojo.com/wp-content/plugins/sociofluid/images/facebook_32.png http://creditcardsmojo.com/wp-content/plugins/sociofluid/images/yahoobuzz_32.png http://creditcardsmojo.com/wp-content/plugins/sociofluid/images/mixx_32.png http://creditcardsmojo.com/wp-content/plugins/sociofluid/images/twitter_32.png
You can leave a response, or trackback from your own site.

Leave a Reply

Powered by WordPress | Palm Pre Reviews at Palm Pre Blog. | Thanks to Juicers, Free MMO and Fat burning furnace