Broadbanders Shoot for $100B Stimulus

The Obama administration-to-be is ratcheting up the proposed U.S. government stimulus package as high as $850 billion, and lobbyist organizations in the high-tech and telecom world want as much as $100 billion of that to go toward investments in broadband, according to multiple sources.

Bloomberg reported this morning that an Obama adviser has pegged the stimulus number at $850 billion. Congressional leaders had been saying that a package in the $400 billion range would be the minimum. So it appears the government package is getting more momentum behind it.

The Wall Street Journal this morning reported that broadband initiatives could reach as high as $100 billion in the stimulus package, based on requests from various groups.

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— Scott Raynovich, Publisher, Contentinople