Reuters:

WASHINGTON (Reuters) - The U.S. government will soon release $4 billion of loans and grants aimed at expanding broadband access to underserved areas across the United States, officials said on Wednesday.

The funds are part of a $7.2 billion program to build an affordable high-speed Internet structure in rural areas. The project is being pushed by President Barack Obama, in part, to shore up the U.S. economy with job creation in the telecommunications sector.

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Tags: President Barack Obama

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