Late Thursday the US Senate passed the $106 billion war appropriations bill which had previously been passed by the House of Representatives.  Included in the bill was a $1 billion provision called “cash for clunkers.”  This money is earmarked to give to US consumers who purchase new fuel-efficient cars within the next few months. The [...]

Recently, we mentioned that the cash-for-clunkers legislation everyone’s been giddy about would soon become a reality–and we had every reason to believe it. At the time, the measure was included as part of a larger, more divisive package on energy reform, but legislators in both the House and the Senate seemed determined to extricate it [...]

According to The Detroit News, the House and Senate came to terms late last night on a $1 billion ‘cash for clunkers’ initiative. Part of a larger $106 billion wartime spending bill, the program is not yet law, as the finalized bill must be passed by Congress (it is expected to be voted on next [...]