Weekly wrap: Rating agency slams Conn. on borrowing

One of the keys to economic recovery and the nation’s future growth is access to high speed Internet service, especially in rural areas. The Obama administration committed $7.2 billion in stimulus money to expand broadband access, with the first grants scheduled to be awarded in November.

Make that December now. On Wednesday (Oct. 28), federal officials told Congress of a delay in processing the 2,200 grant applications. Larry Strickling, head of the federal agency distributing the money, said, according to the Wall Street Journal, “We’re going to take a few more weeks here to get this right...”