Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Net Funding Brawl


Washington Outlook: CAPITAL WRAPUP

NET FUNDING BRAWL

-- Federal plans to give schools and libraries discounted Internet service are hitting new snags in the Senate. Republicans and Democrats from farm states, including Appropriations Committee Chairman Ted Stevens (R-Alaska), fear the low-cost program will eat into another subsidy to hold down local phone rates in remote rural areas. The lawmakers, worried that the Net subsidy could cost more than $2 billion a year, are mulling legislation that would shrink the funding.EDITED BY OWEN ULLMANN


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus