The National Cable and Telecom Convention kicks off Thursday in Washington D.C., and the location is no coincidence.
Hundreds of Senators and Representatives will walk the show floor to learn more about the business that's getting quite a bit of attention on Capitol Hill. There's $7 billion in government funding for high-speed broadband, thanks to a bill backed by Sen. Jay Rockefeller, and Rep. Rick Baucher. And now, debate is raging about how that money should be deployed.
The cable industry is so huge, that $7 billion is just half the amount of money the cable industry is expecting to invest in upgrades over the next two years. Still, that $7 billion will be the key to either reach Americans who don't have cable access or to upgrade existing cable networks' speeds.