Financial Markets
Financial Markets
Total U.S. money market mutual fund assets fell $820 million to $2.657 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.
Greece gave in to more painful spending and job cuts Thursday, only to have European ministers question whether they were enough to deliver a euro130 billion bailout and stave off bankruptcy.
A fight is breaking out between the money-market mutual fund industry and federal regulators. Whatever the outcome, investors will question whether they can continue to rely on money funds as a safe place to keep cash readily accessible.
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