In my previous article Cash for Clunkers – Is the Program Suspended I discussed how the Cash for Clunkers program is quickly running out of funds. Here’s the latest update:
UPDATE: The house approved a bill today with a vote of 316-109 to allow an additional $2 billion from the economic stimulus program go to the “Cash for Clunkers”. This additional funding was the result of an unexpected number of people who took advantage the program. Nearly 1/4th of the funds were depleted after the first four days.