For congressional leaders looking to cut $4 trillion from the budget deficit, the $25 billion to $30 billion that could be raised from an auction of broadcast spectrum is like manna from heaven. But the big question for broadcasters and legislators is what sort of auction will result.
The fact that a spectrum auction could be lumped in with deficit-reducing measures is something of a double-edged sword for Sen. Jay Rockefeller, D-W.Va., the sponsor of one of the auction bills currently under consideration.
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