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Senate passes Cash for Clunkers, sends it to President's desk for approval

The hotly-debated Cash for Clunkers legislation is on its way to President Obama's desk tonight, oddly enough as part of a larger bill that will continue funding the military efforts in Iraq and Afghanistan. After a late Republican-backed effort to halt the passage of the bill failed, the Senate voted 60-36 to approve the legislation after some last minute phone calls from the President swayed a few swing voters. It seems extremely likely that President Obama will sign the bill into law in short order. Under this bill, new car purchasers who ... Read more →

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