Biden to release $45B for nationwide internet

The Biden administration is taking the first steps to release $45 billion to ensure every U.S. resident has access to high-speed internet by roughly 2028. The administration is inviting governors and other leaders Friday to start the application process. Commerce Secretary Gina Raimondo is overseeing the distribution. Raimondo is traveling to North Carolina and says universal access to broadband internet would be akin to the electrification of rural America during the 1930s, a recognition the internet is a utility needed for U.S. residents to function in today’s economy. The funding is part of the $65 billion for broadband in the $1 trillion infrastructure package President Joe Biden signed into law last November.