Cash for Clunkers Out of Cash? Not Anymore!

Posted by: Damian Joseph on July 31, 2009

The Cash for Clunkers program, designed to get those old gas-guzzling, pollution spewing motor vehicles off the road almost ran out of cash … But, the House stepped in and approved $2 billion more in emergency spending today to keep the scheme alive. The program has been so popular, the first $1 billion was gone in a week. Next week, the Senate will jump in and likely shore up the spending.

If you haven’t seen our work on Clash for Clunkers, you better head over to our story and slideshow on the program, complete with a list of the “20 Most Fuel Efficient Cars To Trade Up To Now,” before Uncle Sam halts the handouts.

 

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What comes next? The Bloomberg Businessweek Innovation and Design blog chronicles new tools for creativity and collaboration, innovation case studies in both the corporate and social sectors, and the new ideas that have the power to change the way things have always been done.

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