While Sen. Harry Reid (D-Nev.) has stripped out most provisions of the $85 billion jobs bill proposed yesterday by Finance Committee leaders, the majority leader is reportedly interested in keeping the 2010 Social Security tax exemption for businesses that hire unemployed workers this year. That provision also includes More…
If you’re a legislator crafting a bailout for the auto industry in the middle of a national recession, you’d probably tweak it in such a way that U.S. manufacturers benefit the most. That wasn’t, however, what Congress did last summer with its $3 billion “Cash for Clunkers” program, which offered More…
Concerned that last summer’s $3 billion Cash-for-Clunkers program might be rife with waste and fraud, Sen. Charles Grassley (R-Iowa), senior Republican on the Finance Committee, is asking administration officials today for an accounting of where exactly all of that money went. Specifically, Grassley wants to know how much of More…
In June, when the Cash-for-Clunkers program — which provided a government subsidy to people who traded in older low-mileage vehicles to buy new, supposedly better-mileage vehicles — was humming to the tune of $1 billion, we wrote a piece warning that the program was hardly the environmental benefit More…
Like hundreds of thousands of folks this summer, Anna Causey knew a deal when she saw it. Enticed by the rebates offered under the cash for clunkers program, the Summerville, S.C., resident ran her 1986 Buick Century down to a local dealer last month, scrapped it for a 2009 More…
Of the $1.9 billion worth of vouchers submitted by car dealers under the “Cash for Clunkers” program, the Department of Transportation has sent payments totaling just $145 million, a senior administration official told reporters Thursday.
The official said the DOT has reviewed “just under 170,000″ of the 457,000 More…
A senior administration official told reporters this afternoon that the White House has “no plan for seeking additional funding” for the popular “Cash for Clunkers” program, which the administration is shutting down next Monday at 8 p.m.
“The overriding objective was to be conservative and to provide an More…
From the just-released statement out of the Department of Transportation:
U.S. Transportation Secretary Ray LaHood announced Thursday that after a wildly successful run, the cash for clunkers program will come to a close on Monday, August 24th at 8 p.m. EDT.
Facing morning headlines that auto dealers are dropping out of the popular “Cash for Clunkers” program because the government hasn’t reimbursed the vouchers, Senate Majority Leader Harry Reid (D-Nev.) fired off a letter to the Department of Transportation today urging administration officials to expedite their payments and provide More…
Even as it’s releasing frequent updates on the money being spent under the hugely popular “Cash for Clunkers” program, the Obama administration is still refusing to reveal details about what cars are being scrapped and sold.
The Department of Transportation released figures Wednesday indicating that, as of yesterday More…
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