MOVING MONEY AROUND: Federal regulators have unveiled a plan for overhauling the $8 billion fund that subsidizes phone service in rural areas and for the poor. It redirects the money toward broadband expansion.
WHAT THIS MEANS: The money will continue to come from a surcharge on monthly phone bills. Officials say rates should stay flat or decline for most consumers.
PROJECTIONS: The Federal Communications Commission, which adopted the plan Thursday, estimates that the program will bring high-speed Internet access to about 7 million people living in rural areas over the next six years and will create some 500,000 jobs.