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 A family hike took a tragic turn in Arkansas on Saturday. White House makes Hegseth put his polygraph away. A new book argues the Sacagawea legend is all wrong. US denies visas to Venezuelan team bound for Little League tournament. Report an error