Saturday, December 13, 2008

Sacramento Bee: More than third of $500 billion federal economic stimulus package earmarked for infrastructure investment -- including broadband

The Sacramento Bee reports today that infrastructure investment will comprise more than one third of a $500 billion economic stimulus measure being drafted into legislation for approval by the Obama administration when it takes over Jan. 20.

The infrastructure investment is expected to encompass expanding broadband Internet access and creating "digital highways" for the 21st century economy, the newspaper reports quoting unnamed Democratic lawmakers and aides.

In a radio address one week ago, President-elect Obama pledged to renew U.S. broadband infrastructure, declaring it's "unacceptable that the United States ranks 15th in the world in broadband adoption."

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