The United States House of Representatives recently voted to add additional funding of $2 billion to the Cash for Clunkers program. The vote in the House was 316-109.  The bill will be voted on by the Senate next week.

At first, there was a $4 billion allotment for the plan, and later it was reduced to $1 billion.  Problems came about when car dealer organizations began telling the government about the backlog of trade-in deals that were unprocessed and exhausted the funding by the program.

The House quickly took an emergency vote in order to add additional funding to the Cash for Clunkers program before the August recess.  Lawmakers were concerned that the program was going to run out of funding and therefore leave auto dealers with broken down clunkers and government IOUs.  Nobody really knows if the program is going to remain as-is with the cut off date of Nov. 1 intact.

Since the bill passed and the White House is assuring the Cash for Clunkers program, it’s pretty safe to say that people can go out and buy a new vehicle complete with new car warranties, using this program this weekend.