provided subsidies to banks that offered government-backed college loans. starting july 1st, those guaranteed loans will be offered only by the department of education. >> three major figures in the democratic party, president obama, senator ted kennedy and former president bill clinton gathered together with orrin hatch for the signing of the serve america act. the bill triples the size of the national service programs. >> we have new numbers on just how successful this cash for clunkers trade-in program was in the end. >> thanks to the program, pretty much entirely to it, it's going to be a pretty solid august in terms of those auto sales. >> it ended up being a lot of very solid auto sales months. the rescue of the auto industry, despite critics at the time, you know who i'm talking about, that rescue of the american auto industry worked like gang busters. there was the tripling in size of the service programs and a