>> jamie: have a good day. >> gregg: president obama pitching a $90 billion tax on america's biggest financial institutions. calling it necessary to recover every dime of taxpayer money spent on bank bailouts. malini wilkes is live in washington. what exactly is the additional tax supposed to do? >> reporter: well, gregg, this is a .15% tax on the liabilities of u.s. banks, thrifts and insurance companies and is something the administration proposed earlier this year and president obama has not given up on it. here's a little bit more from his weekly address. >> president barack obama: we also need to address another piece of unfinished business. we need to impose a fee on the banks that were the biggest beneficiaries of taxpayer assistance at the height of of our financial crisis, so we can recover every dime of taxpayer money. >> reporter: recovering the taxpayer money, administration officials also said the tax will be used to help bring the
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