All that talk about how security was at risk because the law authorizing collection of telephone meta data would expire now seems a bit hyperbolic.
Team Obama was ready. And according to theguardian.com, the administration filed a request with the FISA court to allow it to collect the phone data for six more months. The filing was made a mere four hours after Obama said he would sign the new legislation which would ban that practice. See Obama lawyers asked secret court to ignore public court's decision on spying.
It makes one wonder what would happen if the FISA court rejected the request. Would the administration keep doing it anyway?