NEW YORK – Investors poured $54.55 billion into money market funds in the week after Congress raised the debt ceiling to avert a default on short-term Treasury securities, according to Investment Company Institute data released Thursday. A Congressional standoff over a hike to the nation's borrowing limit had hit some of the short-term Treasury bills often held in money market funds, and played a role in the $52.30 billion that investors pulled out of money mutual funds in the week ended October 16. In the most recent week of data, ended October 23, taxable government funds took in $28.13 billion, and taxable non-government funds took in $28.31 billion. Tax-exempt funds saw $1.89 billion of outflows.
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