The U.S. House narrowly passed the scaled-back version of the "Cash For Clunkers" bill giving consumers cash vouchers of between $3,500 and $4,500 if they trade in their cars for newer vehicles.
If you'll remember after reading our Cash For Clunkers guide, the original bill, as passed by the U.S. House, would have provided $4 billion in incentives for trading in an older, conceivably more fuel-inefficient vehicle for a newer, possibly more fuel-efficient one. Then the Senate gave it the ol strip n' flip, leaving it at just a billion dollars.
But, the House passed the new bill by a vote of 226-202, so now it's back on to the Senate for either passage or crushing, depending on whether Senator Harry Reid thinks he can maybe turn it in for a nice, new Toyota Yaris. [via Auto News (sub. req.)]
Photo Credit: THEO HEIMANN / DDP