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Money Market Funds Melted in Pandemic Panic. Now They’re Under Scrutiny. In March 2020, the Federal Reserve had to step in to save the mutual funds, which seem safe until there’s a crisis. Regulation may be coming. As the pandemic took hold in March 2020, investors in money market mutual funds started trying to pull their cash out, which helped push the financial system closer to a collapse.Credit...Ashley Gilbertson for The New York Times April 23, 2021Updated 5:55 p.m. ET The Federal Reserve swooped in to save money market mutual funds for the second time in 12 years in March 2020...

Chaos, cash and COVID-19: How the defense industry survived — and thrived — during the pandemic By: Aaron Mehta and Valerie Insinna March 15 Photo credit: Sgt. Wesley Timm/U.S. Marine Corps Photo credit: Sgt. Wesley Timm/U.S. Marine Corps WASHINGTON — U.S. Air Force leaders faced a dilemma. The service needed a key raw material from Italy for one of its critical nuclear modernization programs. But in the early days of the coronavirus pandemic, as industrial facilities shut down and transit between nations slowed, it was unclear how the material could reach the United States. A...

Banks weren't involved in the trading frenzy, but some observers say the regulatory response should address risks to all financial institutions.

POLITICO Get the Morning Defense newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Presented by With Jacqueline Feldscher and Connor O’Brien Editor’s Note: Morning Defense is a free version of POLITICO Pro Defense's morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platfor...

The new administration is wasting no time assembling a team of regulatory appointees and urging agencies to pause pending rules.