detroit bailout

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 dealer submissions, but incomplete forms and other technical [...]

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 adequate window for a soft landing [for consumers [...]

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 dealers with “more certainty” that the money [...]

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 morning, more than 316,000 new vehicles have been [...]

With the enormously popular cash for clunkers program soon to exhaust its $1 billion allotment, the Senate on Thursday passed legislation providing an additional $2 billion, which the lawmakers hope will see the program through the month.
The vote — 60 to 37 — came less than a week after the House approved the same proposal. [...]

As Senate Majority Leader Harry Reid (D-Nev.) announced last night, the Senate this afternoon will consider seven amendments before voting on a proposed $2 billion extension for the popular cash for clunkers program, which has nearly exhausted its initial $1 billion funding.
The amendments are:
1) Sen. Tom Harkin (D-Iowa): To limit the provision of vouchers to [...]

The Department of Transportation just sent out some updated figures on the vehicles being scrapped and purchased under the popular cash for clunkers program, which provides up to $4,500 in cash to drivers who trade their gas guzzlers for more efficient vehicles.
Of the $1 billion allocated under the program, $775 million is out the door, [...]

The opposition to the $2 billion extension of the cash for clunkers program that passed the House today is lining up in the Senate, which is expected to take up the measure next week. The latest critic is Sen. John McCain (R-Ariz.), who told Fox News today that he’ll filibuster the bill.
“I not only wouldn’t [...]

On their last day in Washington before leaving on a five-week vacation, House lawmakers on Friday passed a $2 billion extension of the enormously popular “cash for clunkers program. The initial $1 billion, which was expected to take the program through October, was instead exhausted just four days after the initiative launched. The House vote [...]

House lawmakers are on the floor as we speak debating a bill to provide $2 billion more to what proved to be a tremendously popular cash for clunkers program. And, while some lawmakers would like to see the conditions of that program changed to encourage the purchase of more fuel efficient cars, White House economist [...]