President Obama endorses tax deal's spectrum provisions

President Obama praised Congress for agreeing to legislation that would extend a payroll tax cut and auction television airwave licenses to wireless companies. He promised to sign the bill as soon as it reaches his desk. "[The legislation] includes a critical element in the plan I outlined in the State of the Union to out-innovate the rest of the world by unleashing mobile broadband, investing in innovation, and building a nationwide public safety network," President Obama said. "It will mean a stronger economy and hundreds of thousands of new jobs."