Senate Passes $2 Billion 'Cash For Clunkers' Extension

WASHINGTON (AP) - Congress has passed a $2 billion extension of
the popular "cash for clunkers" program, clearing the legislation
for President Barack Obama's signature.
The Senate passed the extension Thursday evening. The House
approved the measure last week.
Lawmakers made sure to keep the popular program alive before
heading home for a monthlong vacation.
Under cash for clunkers, consumers qualify for up to $4,500 in
federal subsidies when they trade in their cars for new, more
energy-efficient models. In 10 days, the program has instantly
increased sales for an auto industry long mired in recession.
Obama administration officials have said that without new funds,
the program would have expired by Friday.

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