If new law legislation introduced today becomes law, the days of the FSA “use it or lose it” rule could become a thing of the past.

Total U.S. money market mutual fund assets fell $24.74 billion to $2.672 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.

Unemployment rates rose in more than half of U.S. states in June, evidence that slower hiring is affecting many parts of the country.

The Senate on Friday firmly rejected a House Republican bill to slash spending and require a balanced-budget amendment, leaving unresolved with just days to go the urgent issue of increasing the nation's borrowing powers.