Broadband Stimulus to Lose $602 MillionBroadband Stimulus July 2nd, 2010
BroadbandBreakfast.com Staff, BroadbandBreakfast.com
WASHINGTON July 2, 2010- The House Appropriations Committee to rescind $602 million from Commerce and Agriculture Department broadband stimulus programs. The two departments had to share $7.2 billion for the Broadband Technologies Opportunities Program, Broadband Investment Program and the Broadband Data Improvement Act.
Every Department will have some of its funding cut in order to pay for the additional $75 billion being spent on the wars in Iraq and Afghanistan. Overall the House Appropriations committee plans to cut $11.7 billion.