Cash for Clunkers Receives 1 Billion in Initial Funding

The Cash for Clunkers bill continues to make progress as the most recent vote by the House and the Senate agrees to fund the bill with an initial 1 billion dollars. The approval is only 25% of the original $4 billion request, but law makers are optimistic that a decision to sign the bill into law could be closer than once thought. President Obama has already told US consumers that he supports the measure and would sign it into law.

Since the funding is only 25% of what was originally requested, the bill may only be able to provide vouchers for consumers for a limited time. The thought seems that lawmakers wanted to get the bill started and that the one billion dollars could hold the program until the end of the fiscal year, which is September 30, 2009. Democratic supporters of the bill are obviously pleased with the compromise and commitment to fund the program. A final vote is expected next week.

Consumers have shown tremendous interest in the new bill. A new website set up to provide the latest information says it has been flooded with questions regarding the voucher program. The website has set up a Question and Answer page to answer the questions that have poured in around the nation. Anyone with questions on the bill and how it will benefit them can visit the site at http://www.cashforclunkersfacts.com/bill-faq

Consumers interested in purchasing a new car with a Cash for Clunkers voucher can visit http://www.cashforclunkersfacts.com/ for more information. There is also an opportunity to sign up for email alerts on the established website for Cash for Clunkers.

Contact Information

Carrie Valentine

Media Contact

Pasch Consulting Group

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