Thursday, July 30, 2009

Sources: Cash For Clunkers To Be Halted

On the road for just four days, the federal "Cash for Clunkers" program is nearly out of gas and is reportedly getting a red light.

The Associated Press and the Detroit Free Press are reporting that so many people have taken advantage of the program, which encourages motorists to trade-in their inefficient cars, that the government is afraid it will run out of money.

Congressional sources tell The AP that the Transportation Department has called congressional offices to alert them to the decision to halt...

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