"Stimulus funds for high-speed Internet access tangled up"

Talk about speed. Despite the claim that this money would go out quickly, after a year only 7 percent of the $7.2 billion has been "assigned."

The Obama administration knew that there'd be a lot of interest in the $7.2 billion for high-speed Internet projects it included in last year's huge economic stimulus package.
The goal was to quickly create tens of thousands of jobs and connect millions of poor and rural communities to broadband, a technology that's essential for economic development, modern medicine and education.
But officials had no idea that the demand for the cash would be so overwhelming. They also were bombarded with questions and challenges from large cable and phone companies including Comcast, Time Warner Cable and AT&T.
The combination has swamped the agencies in charge and created a bottleneck that might threaten disbursement. After nearly a year, about 7% of the funds has been assigned to specific projects.