U.S. to suspend 'guzzlers' program, sources say

CASH FOR GUZZLERS PROGRAM
U.S. to suspend 'guzzlers' program, sources say

The Obama administration will suspend a $1 billion program intended to spur U.S. auto sales after it surprisingly approached its funding limit after only a few days, government and industry sources said. The so-called "cash for guzzlers" program authorized up to $4,500 to car buyers who traded in their gas guzzlers for more fuel-efficient vehicles. 8:52 pm U.S. ET | July 30 | UPDATED: 7/30/2009 10:55 p.m. ET

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