Rebates for ‘Clunkers’ to End Monday

“The federal government said it would end cash-for-clunkers rebates at 8 p.m. Monday, after high consumer demand threatened to drain the new-car discount program weeks earlier than expected.

Obama administration officials had initially expected the $3 billion program to last through Labor Day, Sept. 7. But a big wave of summer buyers, as well as administrative bottlenecks, prompted officials to end the program early.

The White House has no plans to seek congressional approval for more funding, a senior administration official said.”



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