Financial Times FT.com

Senators to put brakes on ‘cash for clunkers’

By Edward Luce in Washington

Published: August 3 2009 20:54 | Last updated: August 3 2009 20:54

Gov't to Extend Funding To Cash For Clunkers Car Exchange Program...RICHMOND, CA - JULY 31:  Junk cars are seen stacked at Deal Auto Wrecking July 31, 2009 in Richmond, California. Federal lawmakers are seeking an additional $2 billion to keep the popular
The Obama administration’s oversubscribed “cash for clunkers” scheme looks likely to founder in the Senate this week as bipartisan opposition mounted on Monday to the $2bn extension passed last week in the House of Representatives.

Republican senators described the scheme, in which car users can take up to $4,500 (€3,170, £2,710) in government vouchers to trade in their vehicles for more fuel efficient ones, as a “boondoggle” – or a waste of time and money – and all but threatened to filibuster the planned extension.

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