The U.S. Department of the Treasury announced the approval of $540.2 million for high-speed internet projects in California under the American Rescue Plan's Capital Projects Fund (CPF).
The state will use its funding to connect approximately 127,000 homes and businesses to affordable, high-speed internet. To recognize this milestone, White House American Rescue Plan Coordinator Gene Sperling and Rep. Pete Aguilar held an event in the Orchid Drive neighborhood of San Bernardino, CA, composed of single and multi-family homes which have benefited from last-mile broadband investments.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.