Newslink: “Cash for Clunkers” Program May be Out of Cash
By:
Ashley S. Miller
CNN reports that the “Cash for Clunkers” initiative, which allowed consumers a rebate for trading in a car of lower gas mileage, may already have run through its allotment of $1B due to high demand.
UPDATE: The New York Times reports the House has authorized an additional $2B for the program.
Posted
on Friday, July 31st, 2009 at 8:56 am.
Filed under Emerging Issues, Newslink, Sustainable Business, Transportation.
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