Will Cash for Clunkers Get More Cash?

The White House announced this morning that the Cash for Clunkers program is NOT suspended contrary to rumors that were flying around yesterday.

A spokesperson told ABC news that it is, however, true that the program is running on empty. It was supposed to run through November 1st or until the $1 billion refund money ran out. But sales exceeded government expectations.

The House of Representatives may look into passing some sort of legislation to release more money into the program today, the last day of the session before the August recess begins.

Meanwhile, Cash for Clunkers is sits idling.


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