Deal with it: Negotiators may be zeroing in on a debt ceiling agreement

The details aren’t final, and the parties are still clashing on a few major issues, but the contours of a potential debt ceiling deal are finally coming into view.

So far, it looks little like the bill House conservatives dreamed of passing earlier this month, which would have drastically cut back parts of the federal budget while forcing a repeal of President Biden’s signature climate law.

What’s on tap instead? The New York Times first reported on Thursday night that negotiators were close to an agreement on lifting the debt limit for...