Government to suspend 'cash for clunkers'
The government plans to suspend the popular ``cash for clunkers'' program amid concerns it could quickly use up the $1 billion in rebates for new car purchases, congressional officials said Thursday.
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.