Today, President Barack Obama signed a bill that added more money into the the Cash for Clunkers program. Late Thursday evening, in a rush to finish business before their August recess. The Senate voted 60-37 to approve an additional $2 billion for the program. The House had already voted to extend the program last Friday. [...]
Source:AutoShop.name Cash for clunkersA compromise was recently reached by the Obama’s administration and the House for a Cash-for-clunkers bill also known as fleet modernization or scrappage bill. The cash-for-clunkers will provide federal vouchers of up to $4,500 for people to trade in their old cars for new ones that get better mileage.