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Bloomberg writes "​Money-​Market Fund Withdrawals Accelerate as Debt Cap Approaches". It says, "Investors pulled $​41.​6 billion from U.​S. money-​market mutual funds in the past week, or 1.​6 percent of total assets, as concern grew over lawmakers' inability to strike a budget deal that would avert a default on Treasury securities. The exodus in the seven days through yesterday was punctuated by the withdrawal of $​21.​6 billion on Oct. 11, according to research firm Crane Data LLC in Westborough, Massachusetts. Investors pulled $​15.​7 billion in the preceding seven days. While the spike appeared connected to the approaching debt ceiling, it was exacerbated by companies moving cash to make bi-​monthly payroll and meet a quarterly tax payment deadline on the next business day, Peter Crane, president of Crane Data, said in an interview." Bloomberg quotes Crane, "The outflows are still quite manageable. They'​d be worrisome if they continued for a number of weeks."

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