WASHINGTON, D.C. — The House voted today to give more money to the extremely popular “cash for clunkers” program, which has almost run out of cash due to level of interest.
The law, which President Obama signed just last month, basically gives $4,500 to people who trade in their inefficient old cars for new, fuel-efficient vehicles.
On Friday, the House voted to provide another $2 billion to keep the program going using funds already passed with the economic stimulus package that were supposed to be used for energy loan guarantees
The vote was 316 to 109.
Update: Republican Rep. John Kline joined Democratic Reps. Tim Walz, Betty McCollum, Keith Ellison and Jim Oberstar in supporting the
supplemental funding. Meanwhile, Democratic Rep. Collin Peterson joined Republican Reps. Erik Paulsen and Michele Bachmann in voting
against funneling more money toward the program.
The fix, however, could be very short term. If the program’s popularity continues, some worried on Friday that the fund would still run out within two weeks.