The Senate is likely to vote on a $2 billion extension of the "cash for clunkers" program Thursday, ensuring the popular vehicle-incentive program has enough resources to continue trough the summer, according to two senior Senate aides.
The aides, one a Democrat and the other a Republican, said Wednesday that talks were continuing between Senate leadership staff over how many and which Republican amendments would be allowed votes. But both said they expected an agreement would be reached between Senate leaders and a vote to approve the extension to take place on Thursday afternoon. Sen. Thune said Republican lawmakers wanted to bring forward amendments that would cap the amount spent on the program, putting in place an expiration date, and ensuring the funds to pay for the extension come out of already allocated federal money, rather tan add to the federal budget.
It is expected that there is sufficient support to approve the extension once it comes to the Senate floor. The Senate is scheduled to begin a month-long summer recess on Friday.
Pierre-Alexandre Tonin
(Source: wsj.com)
Watch all the economic and financial news in video live from Wall Street and on FREE access on BusinessCenter.tv
The aides, one a Democrat and the other a Republican, said Wednesday that talks were continuing between Senate leadership staff over how many and which Republican amendments would be allowed votes. But both said they expected an agreement would be reached between Senate leaders and a vote to approve the extension to take place on Thursday afternoon. Sen. Thune said Republican lawmakers wanted to bring forward amendments that would cap the amount spent on the program, putting in place an expiration date, and ensuring the funds to pay for the extension come out of already allocated federal money, rather tan add to the federal budget.
It is expected that there is sufficient support to approve the extension once it comes to the Senate floor. The Senate is scheduled to begin a month-long summer recess on Friday.
Pierre-Alexandre Tonin
(Source: wsj.com)
Watch all the economic and financial news in video live from Wall Street and on FREE access on BusinessCenter.tv
Comments