Cash for Clunkers to end Monday

Cash for Clunkers to end Monday

The Obama administration plans to end the popular $3 billion Cash for Clunkers program on Monday at 7 p.m CDT, 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.

AP
8/20/9