Australian markets are confident that US economy will avert the disastrous default, but still the rising government debt is unsettling the investors. This uneasiness reacted on Australian economy as currency hit a four-month high of US95.4c and the S&P/ASX200 jumped over 1 per cent to deliver to its best close for two weeks of 5260 points.
The Treasurer is also saying that : "If US suffers a heart attack, without doubt it will affect the rest of the global economy." He added further, "We have back-pocket plans to deal with whatever arises over the next few weeks as a result of negotiations."
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