'Cash for Clunkers'

AP sources: Govt to suspend 'cash for clunkers'

WASHINGTON (AP) - Congressional officials say the government plans to suspend the popular "cash for clunkers" program amid concerns it could quickly use up the $1 billion in rebates for new car purchases.

The Transportation Department called congressional offices late Thursday to alert them to the decision to halt the program, which offered owners of old cars and trucks $3,500 or $4,500 toward a new, more fuel-efficient vehicle.

It was working, better than expected.

Maybe it would have been better to give everyone $500.

BTW, I am still waiting for my tax cut.

Maybe I'm the 5% that will not get a tax cut.