POLITICO-'Cash for clunkers' going broke

Newswire

By Manu Raju WASHINGTON, July 30 (POLITICO) - The Obama administration is telling lawmakers that its much-touted "cash-for-clunkers" program is already running out of money and will be suspended Thursday night, according to three Senate aides familiar with the discussions. The program -- aimed at giving at boost to the U.S. auto industry -- was supposed to expire at the end of October. But in the one week since it took effect, it appears to have run dry of the $1 billion allocated to it, ...

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