Retail sales ticked up by 1.1 percent last month according to the Commerce Department. The growth was better than expected, despite higher gas prices and the payroll tax increase that went into effect at the beginning of the year.
Steve Presser, proprietor of Big Fun toy store in Cleveland, says although the deal to avert the fiscal cliff eases uncertainty among consumers, the payroll tax increase raises a whole other list of issues.
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.