Government to shut down cash for clunkers at 8 pm Monday
The US government will shut down its cash-for-clunkers program at 8 pm Monday, in a bid to avoid car dealers and shoppers from claiming more than the $3 billion set aside for the program.
The government is suspending the explosively popular 'cash for clunkers' program at midnight tonight fearing it would go broke before it could parcel out what it still owes dealers for a huge backlog of sales.