Congress Passes $2 Billion Extension of 'Cash for Clunkers' Program

Senators voted 60 to 37 tonight to give the "Cash for Clunkers" program an emergency $2 billion refill. The vote on Capitol Hill saves the program, which gives car buyers between $3,500 and $4,500 to trade in their older cars, trucks and SUVs for newer, more fuel-efficient ones. The old cars have to be destroyed. The program, officially called "CARS," was originally slipped into a war funding bill and given $1 billion to last from the summer into November. But it was so popular with car...Full Story
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