White House to Release $2 Billion for Broadband Access

The Obama administration released details of a $2 billion program in grants and loans to help dramatically expand Americans' broadband Internet access and create tens of thousands of jobs. The funds, to be released over the next 75 days, are among $7.2 billion set aside in President Barack Obama's $787 billion economic recovery package to bring broadband access to unserved or underserved U.S. communities.