Although there's not much tech news in the 2006 Fiscal Budget released yesterday, one interesting tidbit estimates that the FCC will auction off the 90 megahertz band on June 29. The band may go for about $15 billion while future auctions will raise up to $10 billion more this year.
Much of this cash is coming from sales of frequencies that aren't being used by terrestrial television broadcasters anymore and which may end up being used in future telecom systems. Ultimately, it's going to take another five years for us to reap the benefits of these new frequencies.
In a related note, $1.7 billion has been earmarked to subsidize digital converter boxes so the technically underprivileged won't have to throw away their TVs when the U.S. goes all digital in 2009.