GOVACT – The News Desk

Money matters as Republicans Scalise, Jordan vie for US House speaker

6Oct

By adminNo Comments

Money

Money matters as Republicans Scalise, Jordan vie for US House speaker

U.S. Representative Steve Scalise (R-LA) speaks with Rep. Jim Jordan (R-OH) prior to the testimony of Federal Reserve Chair Jerome Powell before U.S. House Oversight and Reform Select Subcommittee on coronavirus crisis on Capitol Hill in Washington, U.S., June 22, 2021. Saul Loeb/Pool via REUTERS/ File Photo Acquire Licensing RightsWASHINGTON, Oct 6 (Reuters) - The two declared candidates for speaker of the U.S. House of Representatives, Republicans Steve Scalise and Jim Jordan, stand out as top campaign fundraisers in their caucus, with Scalise holding an edge in dollars contributed to party allies.Several factors will play into how the 221-member House Republican conference will cast their votes, possibly as soon as Wednesday, in a race for the party nomination for speaker, following t...

Global money market funds attract biggest weekly inflows in three months

Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSept 8 (Reuters) - Global money market funds attracted robust inflows in the week ended Sept. 6, as investors gravitated towards safer options amid concerns over slowing growth in China and Europe as well as uncertainty regarding the Federal Reserve's interest rate outlook.Investors poured about $57.38 billion into global money market funds in their most significant weekly net purchases since June 7, LSEG data showed.Reuters Graphics Reuters GraphicsInvestors favoured safer assets on worries that a slowdown in China and Europe would weigh down global growth.Data from the euro area and Britain s...

US money market funds draw biggest inflow in four months

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File PhotoAug 4 (Reuters) - U.S. money market funds saw robust demand in the seven days to Aug. 2 as investors favoured safer assets on concerns over a U.S. credit rating downgrade and economic reports signalling a still-tight labour market.Investors secured U.S. money market funds worth about $58.56 billion in their biggest weekly net buying since March 29, data from Refinitiv Lipper showed.Reuters Graphics Reuters GraphicsU.S. equity funds drew $133 million worth of inflows, compared with about $2.57 billion worth of net purchases a week ago.U.S. equity growth funds saw net outflows worth $3.48 billion, the biggest since June 7, but value fu...