5/3/23: How the Debt Ceiling Debate Matters to Your Money
THE TRUTH ABOUT YOUR FUTURE with Ric Edelman
00:00
The Effect of the Short-Term Government Shutdown on Money Market Funds
If a treasury bill comes due during the shutdown and it is owned by a money market fund, that treasury technically could default. Money market funds might have to mark themselves down to $0.99 or $0.98 per share. That could create panic in the marketplace. Nobody's expecting a shutdown at all. Those who are aren't expecting one to last very long.
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