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WASHINGTON — The Obama administration is considering levying a fee on banks, which would recoup taxpayer funds spent to rescue the financial sector and auto companies, according to administration officials. The concept is expected to be included in next month’s budget, even without specific details, and, as such, could also be presented as a way to reduce the U.S. deficit.
The proposed fee could hit big banks that already repaid their TARP funds, with interest, to compensate for losses in other areas, such funds used to prop up AIG. Wall Street Journal
