Obama May Propose New Tax on Banks
(AP)
"The president has made a commitment to the American people that he will recoup their investment in the financial industry," a senior administration official told CBS News.
"While we have made great progress in recouping a large portion of the investment, consistent with the law, the president will propose a way to recoup additional funds and one of the options is a levy on financial institutions," the senior official added.
The Associated Press adds that a change under consideration would force banks to pay back tax dollars more quickly.
