Cash for Clunkers in its final days
(AP) - One month and nearly $3 billion later, theCash for Clunkers program is about to wrap up. The government is hitting the brakes on the enormously popularcar rebate program, which will end Monday
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Aug 22, 2009, 1:11 AM
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Updated 5,506 days ago
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(AP) - One month and nearly $3 billion later, theCash for Clunkers program is about to wrap up.
The government is hitting the brakes on the enormously popularcar rebate program, which will end Monday night.
President Barack Obama told a Philadelphia radio talk showyesterday the program has been a resounding success.
So far, more than 450-thousand vehicles have been sold,generating about $2 billion in rebates.
While many dealers aren't happy because they've had to waitlonger than expected to get their money, Obama promises the cash iscoming.
The administration says it has tripled the number of peopleprocessing dealers' applications to try to speed things along.
There are no plans to seek more money to extend Cash forClunkers.
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