Politics | President Obama Obama Budget Likely to Include Bank Fees Aims to recoup bailout losses, avoid passing along to customers By Harry Kimball Posted Jan 11, 2010 12:07 PM CST Copied President Barack Obama. (AP Photo) The Obama administration will likely include a provision in next month’s budget that imposes fees on banks in an effort to make back some of the taxpayer money lost on the bailout and close the record deficit. Politico has it that a transaction tax is not on the table; while the Wall Street Journal notes that such a tax would require international cooperation. A tax on compensation is considered too easy to skirt. The goal is to structure a fee that newly flush banks can't pass on to still-struggling consumers. Read These Next Isolated tribe members show up in an unexpected place. A government watchdog is warning the FAA about meteorologists. Those chips and cookies could wreak havoc on your fertility. Trump just used a spending maneuver last seen nearly 50 years ago. Report an error