President Obama has pledged billions to extend America's rural broadband access.Photo: AFP
From The Telegraph:
President Barack Obama has pledged £2 billion in loans and grants to fund the expansion of America’s broadband network to help better serve rural areas and urban communities.
The details of the spending plan were announced last week by Joe Biden, the vice president, and will see an initial $183 million invested in broadband projects in 17 states.
The funding is also expected to create “tens of thousands of jobs”. However, Mr Biden’s chief economist Jared Bernstein could not say precisely how many jobs will emerge, according to a Reuters’ report.
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