Obama to End ‘Cash for Clunkers’ on Monday

NYTimes.com

NOTE from Ryan: This program really was a great idea! Too bad I couldn't use for my used 2003 Ford Windstar purchased near the end of July...oh well, my timing is soooooooooooo bad.

"The Obama administration plans to end the popular $3 billion Cash for Clunkers program on Monday at 8 p.m EDT, The Associated Press has learned.

Two congressional officials familiar with the plan say the Transportation Department will wind down the program that offers car buyers rebates of $3,500 or $4,500 for trading in older vehicles for new, more fuel-efficient models. The officials spoke on condition of anonymity because they were not authorized to speak publicly about the plan.

The Obama administration was set to announce details on Thursday."

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