WASHINGTON -- The U.S. Transportation Department has paid or approved 94 percent, or $2.7 billion, of dealers' cash-for-clunkers claims, according to federal data released today.
The agency has reimbursed 613,658 submissions for $2.6 billion as of yesterday morning, it said in a statement on its cars.gov Web site. It also has approved but not yet paid 28,619 vouchers for $119.5 million.
Approval of an application is the next-to-last step before the Treasury Department wires payment to a dealer's bank account.
The latest figures show that the Transportation Department still has as many as 67,768 claims for $282.9 million to pay by Sept. 30 if it is to meet Secretary Ray LaHood's deadline for reimbursing properly submitted deals.
A total of 681,426 submissions for $2.9 billion were filed between July 27 and Aug. 25.
Federal rebates to dealers have been accelerating in the last few weeks as the Transportation Department has beefed up the number of workers processing claims