President Joe Biden and Vice President Kamala Harris have kicked off the next phase of the Administration's Investing in America tour with a major high-speed internet infrastructure announcement at the White House.
Biden announced funding for all U.S. states for high-speed internet infrastructure deployment through the Broadband Equity Access and Deployment (BEAD) program — a $42.45 billion grant program created in the Bipartisan Infrastructure Law and administered by the Department of Commerce.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.