A Giant Little Golden Book with the blue spine decorated with stars is what you seek. It is titled My Christmas Treasury. It comes in 72 pages, A edition,1957 and 56 pages, B edition, 1958. Both books contain the two stories you remember. This title also comes in other sizes so look for the Giant golden book with blue foil spine with stars.
does anyone recall childrens books with a blue metallic paper binding, similar to golden books gold binding. I'm looking for a multi-story book that included stories "The Bear's Christmas" and "The Penny Walk", I can't remember what else. Any recollections on the book publisher or stories--ring a bell?