The dome of the Capitol is reflected in a puddle in Washington February 17, 2012.REUTERS/Kevin Lamarque

Another debt ceiling debacle could sink the economy

Last year's Congressional debt standoff hurt consumer confidence more than the collapse of Lehman Brothers, Betsey Johnson and Justin Wolfers write. This time could be worse.  Read more at Counterparties  

Verizon Wireless wins C block in airwave auction

WASHINGTON | Thu Mar 20, 2008 3:02pm EDT

WASHINGTON (Reuters) - Verizon Wireless, a joint venture of Verizon Communications Inc and Vodafone Group Plc, won a nationwide wireless license known as the "C" block in a government auction, the U.S. Federal Communications Communication said on Thursday.

Verizon Wireless made a top offer of $4.74 billion for the C block spectrum, giving it control of a major piece of the airwaves being vacated by television broadcasters as they move to digital from analog signals in early 2009.

The FCC also said that AT&T had won 227 licenses from among the "B" block of regional licenses.

(Reporting by Peter Kaplan; Editing by Leslie Gevirtz)

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