A couple days ago I made a post about the Cash for Clunkers program. Well as soon as it came, it has gone.
“Congressional officials say the government plans to suspend the popular ‘cash for clunkers’ program amid concerns it could quickly use up the $1 billion in rebates for new car purchases.”
“he Transportation Department called congressional offices late Thursday to alert them to the decision to halt the program, which offered owners of old cars and trucks $3,500 or $4,500 toward a new, more fuel-efficient vehicle.”
“The congressional officials spoke on condition of anonymity because they were not authorized to speak publicly.”
From the start of the program on July 24th up until last night, 22,782 vehicles had been purchased almost $96 million was spent through the program. Dealers raised concern about huge backlogs in the system, which prompted officials to suspend the program.
Check out the original article: Officials Say Government Set to Suspend ‘Cash for Clunkers’ Program
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