The word is out that legislative leaders have reached agreement on an operating budget compromise to close a shortfall of more than $5 billion.

All the details are scheduled to be made public at 10 this morning. You can read about it here and here and watch the press conference at You’ll be able to find the budget documents themselves here.

There’s still no word of any agreement on a debt reduction measure that would allow for the passage of a capital budget and legislative leaders are talking openly about not having one.