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Jarrett Says Obama Believes Bank Levy Plan `Most Sound': Video

Jan. 14 (Bloomberg) -- Valerie Jarrett, a senior adviser to President Barack Obama, talks with Bloomberg's Erik Schatzker and Peter Cook about the President's proposal to levy a fee on as many as 50 financial firms with assets greater than $50 billion to help recoup taxpayer bailout money and trim the federal budget deficit. President Obama is expected to outline the plan late this morning at the White House and a more detailed plan will be included in the budget message he's due to send Congress next month. (Source: Bloomberg)

Valerie Jarrett, a senior adviser to President Barack Obama, talks with Bloomberg's Erik Schatzker and Peter Cook about the President's proposal to levy a fee on as many as 50 financial firms with assets greater than $50 billion to help recoup taxpayer bailout money and trim the federal budget deficit.

President Obama is expected to outline the plan late this morning at the White House and a more detailed plan will be included in the budget message he's due to send Congress next month. (Source: Bloomberg)

Running time 04:27

-0- Jan/14/2010 13:17 GMT

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