America House of Representatives has just approved additional $2 billion to the “cash for thirsty cars” program (clunkers). The original program supposedly to last until November 1, for 250,000 new cars with each car owner receiving about $4,500 discount. However, there are more demands from car buyers that the program had expected. The previous $1 billion program has run out cash within the first week of introduction by August 1. Given the additional $2 billion, the program will continue without further interruption.
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(photo: drudgereport.com)