Congress Restarts Clunker Program

With $1 billion down, what's another $2 billion? Just hours after the White House promised to find a way to restart Obama's "Cash for Clunkers" car trade-in program after consumers blew through the designated $1 billion in six days, the House today approved an emergency $2 billion backup midday Friday. By a vote of 316-109, Congress voted to continue to feed the initiative that offers drivers up to $4,500 for their old cars in an effort to promote more fuel-efficient models. House Majority Leader Steny Hoyer explained the new funds will come out of the previously approved stimulus package.