President Obama said that he would be willing to accept a short-term debt ceiling increase to avoid a default, but Republicans & Democrats might not agree on the debt ceiling & that's not going to end the US government shutdown
Nonetheless, it should provide some small hope & relief because if US cannot pay its bills on time, US would fall into a fiscal crisis that could damage the global economy
China & Japan also pressed US to resolve the situation
The last time US debt payment was in jeopardy, a last minute agreement was made under pressure from falling markets & warnings of global consequences
Most people are still hoping that US will do the same again this time
Look to buy S&P 500
However, we should also consider the fact that both Republicans & Democrats were willing to let the US government shutdown for their own political agenda & blame each other for it
They're using it to pressure each other into losing their political battle but both sides have not backed down since then
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