Two Rounds, Not Three, for the Stimulus?

It looks like there will be only two rounds of the stimulus.

In addition, Congressman Rick Boucher wants more needy areas in the Eastern U.S. to be eligible in round 2.

Expect the cash from round 1 to go out faster than expected -- and the start of round 2 to be delayed.

The grant applications from round 1 are in and there are a wide variety, from Hughes Network Systems requesting almost $500 million to local libraries asking for no more than $25,000.

What happens next is this: we learn what technologies will be funded, what entities will be funded, and get a large number of other questions answered.

And then the rules for round 2 will be changed.