More Headlines
- Macquarie in push to expand U.S. presence: report
- GM CEO says U.S. will make money on bailout
- Senate passes $149 bln for jobless aid, tax breaks
- Best Buy bets on 3D TV, but no quick payoffs seen
- BofA under regulatory pressure to shrink: report
- Private sector eyes opportunity in Haiti rebuilding
- Senate passes $149 billion for jobless aid, tax breaks
- Walmart returns items to shelves after lost sales
- GM CEO says on track for pre-June loan repayment
- Geithner vows to continue financial stabilization
- BofA overdraft fee change gives up revenue: CEO
- U.S. posts record $220.9 billion budget gap in Feb
- Sen Corker: no exemptions in new watchdog bill
- Wholesale inventories fall, restocking expected
- Citigroup tests waters in preferred securities sale
Fed launches new plan to help money market funds
Tue, 21 Oct 2008 8:58am
WASHINGTON (Reuters) - The U.S. Federal Reserve on Tuesday launched a new program to fund purchases of $600 billion worth of money market mutual fund assets in the latest step to provide liquidity to strained financial markets.
