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Verizon to scrap 2-year contracts, phone subsidies

The nation's largest wireless provider announced that it plans to do away with the standard 2-year contract for new customers. Verizon may also end subsidies for new phones, which would drive up the price of an iPhone by hundreds of dollars. Jordan Goodman, editor of Money.com, joins Jeff Glor on "CBS Evening News" to discuss the move.
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