The engine governor linkage has come loose, or the carburetor shaft is stuck from dust or debris and will no longer move. Try spraying the upper lever area with WD-40 lightly and let it soak in for a couple of hours, then get it moving and spray it a little more. Keep working it back and forth until it loosens up nicely.
If that does not resolve the issue....
A rare possibility is if the governor has failed and come apart.
My suggestion is to find a reliable and reputable independent local small engine mechanic before considering a regular shop. Regular dealer shops have a high turnover of people with little or no experience.
Edit:
As the reply following this one state, there is a chance one of the throttle blade screws came out and now it is jammed wide open. The intake will have to come off and the carburetor separated for inspection.
There could also be a chance that something got in the intake and made its way to the throttle plate to hang it open.