Wireless companies may soon be able to buy more airwaves under a spectrum auction that will help pay for the payroll tax cut extension and other jobless benefits. What's the idea behind the auction?
Parts of the broadcast spectrum will be auctioned off to help cover the costs of the payroll tax cut and extended long-term unemployment benefits. Even a sliver of spectrum could bring a big chunk of cash.
Federal officials have nixed a plan by broadband company LightSquared to build a national wireless network. Politico's Eliza Krigman explains why and discusses what happens next.