"A failure by Washington leaders to raise the federal debt ceiling by next month could test whether new regulations have made money market mutual funds more robust. ...With $2.7 trillion in assets, money funds play a key role in the financial system as purchasers of corporate and government debt used to fund short-term operations. Some funds' managers were rattled when past debt showdowns cast doubt on the payment schedules of U.S. Treasury securities they held, though investors ultimately stayed with the funds."
http://www.reuters.com/article/2015/10/22/us-usa-funds-debtceiling-idUSKCN0SG2LQ20151022
Comments
http://thehill.com/policy/finance/257606-house-tees-up-conservative-plans-to-raise-the-debt-limit
http://thehill.com/policy/finance/257836-gop-braces-for-clean-debt-vote
I don't understand. I don't understand any of these people. Do they not understand the math on this?
http://www.zerohedge.com/news/2015-10-22/presenting-americas-new-debt-ceiling-19600000000000