CBO Report Cites FCC Spectrum Auctioning
The Congressional Budget Office’s monthly budget review for July mentioned that spending increases for the entire federal government during the first 10 months of FY 2015 were in part offset by certain FCC spectrum auction developments. “Payments to the [FCC]…
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from auctions of licenses to use the electromagnetic spectrum increased by $30 billion,” said the CBO report, released Friday. “Because the proceeds from spectrum auctions are recorded in the budget as offsetting receipts, that increase in payments has resulted in lower outlays.”