Aides to lawmakers involved in the talks announced the agreement after weeks of negotiations. It's expected to be made public early today.
The catchall spending bill would be the first major piece of bipartisan legislation to advance during Trump's short tenure in the White House. While losing on the wall along the US-Mexico border, Trump won a USD 15 billion down payment on his request to strengthen the military.
Successful votes later this week would also clear away any remaining threat of a government shutdown at least until the October 1 start of the 2018 budget year.
Trump has submitted a partial 2018 budget promising a 10 percent increase for the Pentagon, financed by cuts to foreign aid and other nondefense programmes that negotiators on the pending measure protected.
Democrats were quick off the mark to praise the deal. "This agreement is a good agreement for the American people, and takes the threat of a government shutdown off the table," said Senate Minority Leader Chuck Schumer, D-N.Y., a key force in the talks.
Trump said at nearly every campaign stop last year that Mexico would pay for the 2,000-mile (3218.54-kilometer) border wall, a claim Mexican leaders have repeatedly rejected. The administration sought some USD 1.4 billion in US taxpayer dollars for the wall and related costs in the spending bill, but Trump later relented and said the issue could wait until September.
Trump, however, obtained USD 1.5 billion for border security measures such as more than 5,000 additional detention beds, an upgrade in border infrastructure and technologies such as surveillance.
It's unclear how much support the measure will receive from GOP conservatives and how warmly it will be received by the White House.
Republicans are also eager to move on to other issues such as overhauling the tax code and reviving their moribund effort to repeal the Affordable Care Act, President Barack Obama's health care law.
While the measure would peacefully end a battle over the current budget year, the upcoming cycle is sure to be even more difficult. Republicans have yet to reveal their budget plans, and battles between Trump and Congress over annual agency budgets could grind this summer's round of spending bills to a halt.
Democrats were successful in repelling many conservative policy "riders" that sought to overturn dozens of Obama-issued regulations. Such moves carry less urgency for Republicans now that Trump controls the regulatory apparatus.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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