If any of you were planning to take advantage of the Cash For Clunkers program this weekend, you are out of luck.
The Obama administration is telling lawmakers that its much-touted “cash-for-clunkers” program is already running out of money and will be suspended Thursday night, according to three Senate aides familiar with the discussions.
The program — aimed at giving at boost to the U.S. auto industry — was supposed to expire at the end of October. But in the one week since it took effect, it appears to have run dry of the $1 billion allocated to it, aides said Thursday.
The White House will need to decide whether to push for more money at a time when it’s also pushing an ambitious and expensive domestic agenda — or let the program fade after it was touted as a way to help Detroit while improving the environment.
One Michigan Republican, Congresswoman Candice Miller, has alreayd come out in favor of extending the program, saying in a statement that “There can be no doubt that the Cash for Clunkers program is a complete success given the fact that the entire $1 billion allocated to the program was expended in less than a week.”
How about they take the $16.1 million allocated for Queen Nancy’s salt marsh harvest mice to help keep the program running?