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Under The Hood Of Cash For Clunkers

Congress is trying to work out a bill that would mean bring in a clunker, get cash towards the purchase of a new high mileage car (Photo source: Flicka at Wikimedia Commons)

On Capitol Hill, there's growing momentum for legislation called "Cash for Clunkers." In fact, there are several bills circulating in Congress and the details are in flux. But the general idea is to use tax dollars to encourage people to trade their old gas guzzling clunker for a new fuel efficient car. The hope is to help the slumping auto industry and the environment at the same time. Tamara Keith gives the environmental claims a test drive:

A related article from CNN Money

A related editorial from the New York Times

Producer: Tamara Keith
Release Date: April 27, 2009
Running Time: 3:17

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