The article "US extends money market guarantee" from Bloomberg appeared in The Boston Globe last week. The April 1 article says, "The Treasury said yesterday that it would extend its emergency program guaranteeing money market funds through Sept. 18 from the previous deadline of this month. All funds that currently participate in the program are eligible to continue, the department said. The program, scheduled to end April 30, will be continued 'to support ongoing stability in financial markets,' it said." Bloomberg quotes Peter Crane, president of Crane Data LLC, a money-fund tracking firm in Westborough, "There's really no reason not to extend it. The fund industry clearly would like to wean itself off the program, but people are going to wait and see how fragile money markets remain until September."
