2013-10-11 — huffingtonpost.com
``While JPMorgan Chase & Co. said it believes the probability of a U.S. government default is low, it is taking precautionary measures to protect investors.
Money market funds like JPMorgan and Fidelity have been cutting back their exposure to short-term U.S. government debt for the last three weeks. Investors have concerns that if the U.S. government were to hit the debt ceiling, it would not be able to promptly pay back bondholders.''
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