Many have pointed out that president Obama has come out the winner, while the Republicans who signed Grover Norquist's no-tax- increase pledge have been the biggest losers.

But in a new op-ed for The Financial Times, Nouriel Roubini writes that the U.S. has been let down by its leaders and that they "dysfunctional nature" of the country's political system means another crisis isn't far off.

 

He also says the country has yet to wake up to the "full extent of its fiscal nightmare".