Updated Thursday, May 23, 2013 as of 6:28 PM ET
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Treasury Advisory Council Advances Proposals for Stabilizing Money Market Funds
Kenneth Corbin
An advisory committee organized under the Treasury Department on Tuesday voted unanimously to move forward with a set of proposed rules intended to stabilize money-market funds and prevent a run on assets similar to the jolt the market experienced during the financial collapse of 2008 and 2009.
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