Friday, July 31, 2009

UPDATE: House OKs $2 Billion More For Cash For Clunkers

Mo’ money, mo’ clunkers

(Photo: wgba.images.worldnow.com)

If you were worried like we were that Cash For Clunkers was suspended due to lack of funds, worry not. It’s halfway to be being extended, thanks to a House vote that approved $2 billion more dollars for the program. Now the program might last… a couple more weeks!

Because people are all over this deal

After that, you may need payday loans with no faxing or other short term loans to make up the difference the $3,500 or $4,500 Cash For Clunkers would have brought you with an approved trade-in. But for now, it appears that Cash For Clunkers may be extended. So long as your car’s not on the Cash For Clunkers list and meets the general qualifications, you can apply for the trade-in credit.

But will the Senate agree?

Aaron Smith reports for CNN that the House voted 316-109 to divert $2 billion from a U.S. Department of Energy program loan guarantee program. What will Secretary of Energy Steven Chu think of this? Furthermore, will the Senate be able to come to a consensus quickly? People want those cars they can’t really afford, you know… ... click here to read the rest of the article titled "UPDATE: House OKs $2 Billion More For Cash For Clunkers"

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