WASHINGTON – When I wrote a few days ago about the growing nervousness of moderate Senate Democrats over the approaching vote to raise the federal debt limit, I had no idea how quickly evidence of that shift in the political winds would appear.

I quoted Sen. Evan Bayh of Indiana, who earlier this month initiated a letter to Democratic Majority Leader Harry Reid saying that he and nine co-signers would have a hard time voting to boost the debt limit, as the White House needs them to do to protect the nation’s fiscal credibility, unless a tangible step were taken at the same time to ...

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