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Investors reassured by progress

16 October 2013 Last updated at 21:17 BST

US shares have risen on progress in Washington towards an agreement to end the government shutdown and avoid a default.

Traders have been cautious during the talks, wary that a default would cause chaos on the financial markets.

But would an agreement just mean a few months reprieve before another crisis in the New Year?

The BBC's Jamie Robertson put that question to Kirk Hartman, chief investment officer at Wells Capital Management.

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