Short-term funds show stress as default looms

October 9, 2013 • Business

FILE – In this Thursday, Dec. 4, 2008 file photo, a man walks past a Fidelity Investments office in the Financial District of downtown Boston. On Wednesday, Oct. 9, 2013, the nation’s largest manager of money market mutual funds said that it no longer holds any U.S. government debt that comes due around the time the nation could hit its borrowing limit. Money market portfolio managers at Fidelity Investments have been selling off their government debt holdings over the last couple of Login to read more

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