Man, the markets are sure putting on their happy face for now. I am not as sold on this not ending in default as some of the financial analysts are.
I mean, I do think there's a 90%-95% chance they'll cobble together something at the last minute, and 90% is good odds. But that's not the 99% pish-posh most analysts seem to be going with.
If I was in charge of a large organization that held significant US treasuries (yes, I know, hahaha), I would actually be asking for a staff guy to work up a contingency plan right now. Of course, depending on how the solvency tests kick in (in the event of a default, Treasury bills will technically, and in some cases legally, cease to exist as collateral for the banks, investment funds, etc. holding them), a contingency plan might be as useful as a toilet-paper SOS in a class-5 hurricane.