Whoa, fix your headline there.

FTA: "Their agreement, which could go before the full Legislature within days, does not include any broad-based tax increases, relying instead on deep cuts in government services, borrowing and accounting maneuvers to wipe out the deficit."

I'll be interested to see how this pans out. Cutting services is really the only play. Increased taxes would just lead to decreased consumption, and with unemployment continuing to rise, expect to see income tax receipts to come up way short.