US President Obama signs cash for clunkers bill

President Obama today signed the “cash for clunkers” law, now known as “Car Allowance Rebate System,” that has been touted as a key stimulator for the auto industry and an environmental aid. The law provides $1 billion in funding, with $50 million allocated for administration. The specific guidelines for the program will be revealed in the next 30 days, when the plan takes effect on August 1.The

Obama to propose 30% cut in auto emissions

WASHINGTON ? President Barack Obama will lay out plans Tuesday to cut greenhouse gas emissions from new cars and trucks by 30% through 2016, while ending a dispute between the auto industry and California over state-level emissions laws.The announcement fills in a cornerstone of Obama's vowed reworking of the U...Read the whole story on Freep.com