Billions in Government Broadband Money on its Way

Despite government delays in announcing the grant awards for the $7.2 billion in broadband stimulus money Congress allocated in January, Vice President Joe Biden Thursday said that within the next month billions will be given to broadband and high-speed rail investments. "And by design, the items in the act which have the biggest impact are yet to come. Within the next two weeks to a month, another roughly $13 billion is going to be announced rolling out in terms of both investments in broadband and high-speed rail, and competitive education and infrastructure," said Biden in remarks he gave at the opening session of the White House Jobs and Economic Growth Forum. "In fact, the money spent on clean water, renewable energy, superfund sites, and much more, is going to more than double — it's going to more than double in this quarter and will maintain a similar pace for the next two quarters," he said.