Markets have surged forward worldwide this afternoon on the chance of a possible compromise between US political parties to end the government shutdown after ten days of political "impasse."
More specifically, reports citing a Treasury aide indicated that Republicans in the US House of Representatives will bring a bill for a six-week extension of the debt-ceiling to the floor of the lower chamber of the US Congress.
However, "under the plan the Treasury Department wouldn't be able to use so-called "extraordinary measures" to further extend borrowing authority, thus creating a hard six-week limit, said a second aide requesting anonymity to discuss the proposal," Bloomberg reported a bit later.
Egging on the "brinksmanship" by Republicans are obdurate Tea Party activists who are determined to hold their line, while President Barack Obama is unwilling to concede to the "ransom" demands.
Obama, who has angrily likened the Republican position to the party holding a gun to the head of the American people, said on Wednesday that Republicans "don't get to demand ransom in exchange for doing their jobs".
"They don't also get to say, you know, unless you give me what the voters rejected in the last election, I'm going to cause a recession."
Republican House Speaker John Boehner suggested there was "a crack" in the stalemate, yet not enough to crawl through.
Speaking about his political foes he told television reporters: "I want to have a conversation. I'm not drawing any lines in the sand. It's time for us to just sit down and resolve our differences."
Republicans have withheld budgetary agreement to reopen the government and to raise the national debt limit in return for negotiations on the national budget and the contentious Patient Protection and Affordable Care Act (PPACA), known as Obamacare.
For their part, Democrats have refused to enter discussions unless the legislation, which has been reaffirmed and approved by the Supreme Court, is first passed.
However the Republican party remained divided by those who wish to find a compromise and those hardliners who refuse to even countenance concessions.
In Congress, a plan by Democrat senators to raise the debt limit by $1trn to avoid default was rejected by Republicans, while unifying proposals from Tea Party favourite Paul Ryan that included no mention of Obamacare failed to gain support across the Grand Old Party (GOP).
All in all, both sides seem to be creeping towards each other - if one is inclined to be an optimist.
However, remarks from early Thursday morning by Craig Erlam, Market Analyst at Alpari, still seem to be roughly appropriate: "All this essentially means is that negotiations will be delayed by a couple of months, at best, and we'll be back in the same situation again come Christmas".
It may pay to bear in mind that the holiday season is when many firms make the bulk of their full-year sales.