US Congress considers $2 bln for autos 'clunkers'

Newswire

WASHINGTON, July 31 (Reuters) - Legislation proposed on Friday in the U.S. House of Representatives would extend $2 billion in new funding to support the government's auto sales "cash-for-clunkers" incentive plan. The proposal by Appropriations Committee Chairman David Obey would would fund the plan through Sept. 30, 2010, and tap funds from an Energy Department loan guarantee program, according to a copy of the bill. An initial $1 billion in funding approved this summer to boost ...

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