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US Announces $42 Billion to Expand High-Speed Internet Access

Joe Biden’s Administration in the United States announced on Monday that it would spend more than 42 billion dollars to provide high-speed internet access throughout the country.

The fund will divide among the country’s 50 states and U.S. territories to make access the high-speed broadband universal by 2030, as it launched a new publicity campaign for President Joe Biden’s economic policies, Reuters reported.

More than 8.5 million homes and small businesses still lack access to high-speed internet infrastructure, according to a news release from the White House, and millions more have trouble finding affordable or dependable internet options.

The $1 trillion 2021 infrastructure package that Biden supported gave the Broadband Equity Access and Deployment Programme financing authorization. An updated Federal Communications Commission coverage map that shows access gaps will serve as the basis for the spending.

The two most populated states in the country, Texas and California, are at the top of the financing list with $3.1 billion and $1.9 billion, respectively. However, due to a lack of broadband connection, other, less populous states, including Louisiana, Alabama, and Virginia, made the top 10 list for funding. Extensive rural areas in these states have less access to the internet than their major cities.

“It is the biggest investment in high-speed internet ever. Because for today’s economy to work for everyone, internet access is just as important as electricity, water, or other basic services,” Biden said in a White House address on Monday.

Biden is also scheduled to deliver what White House officials describe as a significant economic address on Wednesday in Chicago, outlining “Bidenomics,” according to a document sent on Monday to congressional Democrats and other allies by senior advisors Anita Dunn and Mike Donilon.

Biden’s handling of the economy will be a factor in how the election is viewed in 2024. Positives include job growth and low unemployment. However, the survey also found that concerns about a recession have grown due to high inflation and the ripple effects of increasing interest rates.

“With these allocations and other Biden administration investments, all 50 states, D.C., and the territories now have the resources to connect every resident and small business to reliable, affordable high-speed internet by 2030,” the White House noted.