Updated Monday, December 22, 2014 as of 3:28 AM 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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