At a middle school in Adelphi, Md., Mr. Obama detailed $750 million in commitments from the private sector to bolster the president's ConnectED initiative, and he said the Federal Communications Commission's would double its annual spending on broadband technology for schools and libraries.
Calling this an extraordinary effort by business leaders, Mr. Obama said this public-private partnership "won't require a single piece of legislation from Congress. It won't add a single dime to the deficit."
Companies including Apple Inc., AT&T Inc., Microsoft Corp., Sprint Corp. and Verizon Communications Inc. have made pledges, agreeing to provide an array of products and services—from iPads to Internet connectivity—to schools across the country. The FCC also plans to spend an additional $2 billion during the next two years to expand its investment in high-speed Internet connections in classrooms.