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Government Running Low on $40 DTV Coupons

Government likely to hit $1.34 billion budget for $40 DTV converter box coupons.


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Reuters is reporting that the government will likely reach its $1.34 billion budget for the $40 DTV converter box coupons.

The Department of Commerce says a lot of consumers might be waiting to the last minute to request a coupon for the transition, which happens February 17, 2009. Those who wait too long could be out of luck.

It was previously reported that the government was running out of postage funds to mail the converter box coupons. Massachusetts Representative Ed Markey says the government needs to pass additional funds prior to the DTV transition.

“It is becoming increasingly clear that at minimum Congress may need to quickly pass additional funding for the converter box program in early January,” says Markey.

The National Telecommunications and Information Administration (NTIA) says more than 1.5 million coupons are requested per week.

“Once the obligation ceiling is reached, the program will hold coupon requests until funds from unredeemed coupons become available,” says Meredith Attwell Baker, the acting assistant secretary for Communications and Information at the NTIA.

The converter box coupons are valid for 90 days with a two-coupon limit per household.





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