Treasury extends mutual fund guarantee program - WKOW 27: Madison, WI Breaking News, Weather and Sports

Treasury extends mutual fund guarantee program

WASHINGTON (AP) -- The government is extending a program to bolster the money-market mutual fund industry.

  The Treasury Department says the program, which provides guarantees for the popular investment products, will now run until April 30, 2009.

  The temporary program had been slated to expire on Dec. 18.

  The department says it is taking the action "to support ongoing stability in this market."

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