Congress might add spectrum auction authority to legislation raising the debt...
Congress might add spectrum auction authority to legislation raising the debt ceiling, MF Global analyst Paul Gallant wrote clients Tuesday. The legislation might authorize the FCC to auction broadcast and government spectrum, he said. Congress must pass a debt ceiling…
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bill before Aug. 2 or the U.S. will default on its obligations. “The way this would happen is Senate and House leadership would give each committee a financial target to either reduce federal spending or find new revenue,” Gallant said. “We expect the Commerce Committees would focus on FCC spectrum auctions, which are expected to raise billions of dollars."