U.S. President Joe Biden has pledged to spend $42 billion to bring high-speed broadband to every U.S. household over the next seven years.
Speaking at the White House on Monday, Biden said his administration is making a “historic investment to connect everyone in America to affordable high-speed internet by 2030.”
Related Speaking at the same event on Monday, Vice President Kamala Harris said: “Let us agree in the 21st century America, high-speed internet is not a luxury, it’s a necessity.” CNBC noted that more than 7% of the U.S. — that’s more than 8.5 million homes and small businesses — lacks high-speed internet access, defined by the government as below 25 megabits per second for downloads and 3 Mbps for uploads.
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