News In Brief

Obama seeks to expand U.S. broadband

Daryl Paranada Jun 28, 2010

President Obama today will commit the government to nearly doubling the amount of available wireless spectrum. Demand is growing for high-speed video and data transmission.

From the Wall Street Journal:

The move is aimed at fostering investment and economic growth and creating jobs as information flowing over wireless networks continues to grow at a rapid pace.

“If effectively implemented, the plan would raise significant revenue that would support public safety, additional job-creating infrastructure investments and deficit reduction,” an administration official said.

The White House says it will auction off more wireless space and spend that money on public safety, infrastructure and deficit reduction.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.