The agreement aims to rule out any possibility of a government shutdown, despite ongoing discussions on a bill to help the economy in the wake of the COVID-19 pandemic, ahead of the presidential election in November this year.
This agreement, according to sources of the Associated Press on Capitol Hill, was reached on Tuesday during a conversation between Pelosi and Treasury Secretary Steven Mnuchin.
“House Democrats are in favor of a major resolution to continue funding,” said a spokesman for House speaker Drew Hammill.
According to aides, the duration of the temporary funding agreement has not been agreed upon. A representative of Pelosi declined to describe the deal in more detail.
The deadline by which an agreement must be reached to avoid the “shutdown” that the government last faced in late 2018 and early 2019 is September 30. Some Democrats are set to extend the temporary bill until next year, but it is likely to remain in effect until December.
A spokeswoman for Finance Minister Monica Crowley declined to comment on the situation.