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Fed Offers Help To Money Market Mutual Funds

The Federal Reserve has found another sector of the financial industry that needs help. Money market mutual funds are set to receive up to $540 billion in loans. That's a bit more than the Fed estimates has flowed out of money funds since August.

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NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.