Biden Announces $4 Billion in Grants and Loans in First Round of Funding for Broadband Expansion - washingtonpost.com

Vice President Biden yesterday announced guidelines for $4 billion in stimulus funds to expand high-speed Internet access across the nation, jump-starting a program that has been criticized for taking too long to get off the ground.

The first round of grants and loans is part of a total $7.2 billion in funds for expanding broadband networks tucked into the $787 billion fiscal stimulus package signed by President Obama in February. The administration has touted the expansion of broadband access as a way to quickly create jobs during a stubborn recession...