Watching CSPAN coverage of the testimonies in the Senate quite a few said the bill passed to raise the budget limit was quite flawed. Many said it did little to curb the current spending levels, did not raise any additional revenue. They expected to be back in the same situation in early 2013 and have to raise the budget limit again or default!
Of course they didn't address this very serious problem. What did you expect from the Gang of Five Idiots (Reid, Boehner, Pelosi, Obama, McConnell)? The market undrstands and so do the Chines and Russians.