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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Cash for Clunkers Revs Up

Start your engines ...

The federal government posted rules today that officially launches the Cash for Clunkers program.

Under the program, consumers can receive vouchers of up to $4,500 in exchange for scrapping their old gas guzzlers.

Congress approved this auto sales stimulus to start July 1. But the National Highway Traffic Safety Administration has encouraged dealers to wait for today's publication of the rules.

Read the 136-page report here.

Does your car qualify?

And read what Michelle Singletary has to say about the $1 billion program.

--Kendra Marr

By Terri Rupar  |  July 24, 2009; 11:52 AM ET
Categories:  The Ticker  
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