Fact Sheet: The President’s Budget Lowers Costs for the American People

President Biden is fighting to lower costs for American families and has made lowering costs his top domestic priority. From the first days of the Administration, the President has moved swiftly to deliver results for the American people and grow the economy from the middle out and bottom up. The President is committed to ensuring that every American has access to affordable broadband internet—and thanks to his Bipartisan Infrastructure Law, the Affordable Connectivity Program has provided high-speed Internet service to over 23 million eligible low income households at low or no cost; the Department of Commerce has allocated nearly $42 billion in Broadband Equity, Access and Deployment program funding to deploy reliable high-speed Internet service; and USDA investments are expected to expand broadband access to more than 137,000 households. Building on Bipartisan Infrastructure Law funding, the Budget provides $112 million for USDA’s ReConnect program, which provides grants and loans to deploy broadband to unserved areas, especially tribal areas. The Budget also includes the Administration’s pending supplemental request for $6 billion to continue the Affordable Connectivity Program in 2024, and the Administration will work with the Congress to secure additional funding for this important need in 2025 and beyond.