Robert Menendez actually said...

"With this significant jump in tax-exempt yields, how is this going to impact the ability of State and local governments to finance infrastructure and economic development projects?"

"I am pleased to have joined Senator Toomey in cosponsoring the Consumer Financial Choice and Capital Markets Protection Act in an effort to preserve money market funds."

"If State and local government are faced with impeded access to the capital markets through the closure of tax-exempt money market funds, what other options exist for low-cost financing of critical com..."

"What we have allowed to occur is this is going to be settled in the manner that Russia and Iran decide it is going to be settled."