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.
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Political News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.