More money market funds hit trouble

(The Wall Street Journal) -- More money-market mutual funds are getting headaches after holding troublesome debt investments.

The latest instance: a money-market fund offered by FAF Advisors, a unit of US Bancorp. According to recent filings, in late October one of its large money-market funds, First American Prime Obligations Fund, sold some of its troubled securities to an affiliate.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line