Joe Biden disclosed a pact with internet companies to reduce prices for lower-income Americans

Joe Biden disclosed a pact with internet companies to reduce prices for lower-income Americans

President Joe Biden’s administration of America announced on Monday that 20 companies have agreed to provide discounted services to low-income Americans. As per the information, the step taken by the Biden’s Administration will help the millions of people with free services through an already existing subsidy federal.

Highlights

  • The affordable connection strength provides discounted internet access
  • 20 Internet companies signed an agreement to provide discounted internet services
  • These internet providers covered more than 80 percent of the US area

Also Read: Russia's Internet Services Will be Cut by the US Firm Cogent Amid Russia-Ukraine Crisis.

For the low-Income Americans, Internet Providers companies had agreed to provide discounted Internet service. The information about the discounted internet service providing platforms has signed an agreement with the President of the US, Joe Biden. The administration of the president announced the information on Monday.

20 Internet Providing companies have agreed to offer cheap internet service for the Low- Income Americans. Last year, Congress passed a package of $ 1 trillion (Rs. 77, 37, 100 crores) for infrastructure. The package includes $ 14.4 billion for an affordable connectivity program under which $ 30 as subsidies and $75 in tribal areas on Internet service for millions of low-income households.

 While organizing an event honoring the National Teacher of the year in the White House, the Democratic President said over the matter “If we don’t know it before, we know how: high-speed Internet is essential.”

Joe Biden and Kamala Harris, the President, and Vice President were scheduled for a meeting with telecom executives and members of congress, and some other members related to the telecom technologies to discuss the ways of providing high-speed Internet for low-income households.

Also Read: Russia- Ukraine War's impact in the Internet of Ukraine and Russia


Last updated:5/10/2022 3:09:43 AM
Sanjay Goenka

Sanjay Goenka

Economics can be broken down into microeconomics, which looks at individual decisions, and macroeconomics, which is concerned with the economy as a whole. Both types of economics utilize historical trends and current conditions to inform business decision-making and make predictions about how markets might behave in the future. Students who choose to study economics not only gain the skills needed to understand complex markets but come away with strong analytical and problem-solving skills.