The Israel-Lebanon ceasefire announced on Tuesday is essentially a rerun of UN Resolution 1701, the deal that ended the 2006 Lebanon war and ushered in 18 years of something approximating peace. If you live in one, budget cuts and increased taxes could be in your future.

BEIRUT (AP) — Israeli warplanes struck central Beirut and the city’s southern suburbs on Tuesday, raising smoke over the Lebanese capital ahead of a planned vote by Israel’s leadership on whether to accept a U.S.-brokered ceasefire aimed at ending more than a year of fighting with Hezbollah militants.