Obama promises to stick to big broadband investment2011-04-14 10:07 by DanielaTags: broadband, U.S.
President Obama has insisted the US government will invest aggressively in rolling out broadband, in spite of major spending cuts in other areas aimed at cutting $4 trillion from the country's deficit over 12 years. "I will not sacrifice the core investments that we need to grow and create jobs," said Obama, in a speech at George Washington University. The speech and the promised budgetary restrictions are likely to effect a political clash with the Republicans over fiscal policy. The emphasis on broadband is mirrored in the UK, where the government insists it is vital in helping businesses and creating jobs. Yesterday, Japanese supplier Fujitsu made a surprise entry to the UK market by announcing it would build a £1.5 billion network if it raises £500 million of public funding. In the US, Obama yesterday vowed the government will "invest in new roads and airports and broadband access", alongside medical research, clean energy technology and education. Read more -here-
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