In a historic week for the nation and the financial markets, money market funds saw outflows across the board. As Congress was busy ironing out a resolution to the debt-ceiling crisis before the Aug. 2 deadline, investors withdrew $1.23 billion from tax-exempt money funds in the week ended Aug. 1, according to the Money Fund Report, a service of iMoneyNet.com.

The 477 reporting tax-exempt funds settled with $299.95 billion this week as outflows tapered off to a little more than half of the $2.09 billion that fled last week when the funds ended with $301.18 billion in total net assets.

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