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General Electric Company Message Board

  • mikehunt2b mikehunt2b Apr 25, 2013 11:35 AM Flag


    Congressional Republicans want to rein in a $2.2 billion U.S. mobile-phone subsidy for the poor, saying it’s riddled with fraud and benefits the world’s richest man, Mexican billionaire Carlos Slim.

    Slim’s TracFone Wireless Inc. received about a quarter of the funds from the U.S. government’s Lifeline program, according to the latest figures. Today, a House subcommittee convenes a hearing to ask why the program, paid for by fees charged to U.S. phone subscribers, tripled in cost since 2008.

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