President Obama Announces $750 Million In Private Business Pledges

ADELPHI, Md. (AP) — Today, President Obama announced a new private-business commitments to help the $750 million school funding plan to “close the technology gap.”

The new education program gives high-speed Internet to schools across the country. 

The president says giving students access to the web will help American children compete with students from around the world.  

Companies like Verizon, Sprint, Apple and Microsoft have pledged hundred of millions of dollars for digital learning in classrooms.  

President Obama says, “the FCC is announcing a down payment of $2 billion to connect more than 15,000 schools and 20 million students to high-speed broadband over the next two years.”

The White House hopes the pledges will help the president's goal to have 99% of students in schools wired at high speeds within the next five years.