Congressional leaders announce a deal to avert a partial shutdown. Now they just need to pass it.

Washington leaders announced a deal Tuesday that would put a pause on protracted federal funding fights at least for a few months.

But the some of the particulars still need to be finalized to avoid a partial government shutdown at the end of the week.

Brief statements from both Speaker Mike Johnson and President Joe Biden on Tuesday did not include the full text of the six outstanding bills that have to pass both chambers of Congress by Friday at 11:59 p.m. ET to avert the partial stoppage.

"House and Senate committees have begun drafting bill text to be prepared for release and consideration by the full House and Senate as soon as possible," House Speaker Johnson said in his statement Tuesday morning.

The tight deadlines ahead are a result of last-minute delays over funding for the Department of Homeland Security (DHS), which oversees the border. Other areas of negotiation have been waiting in limbo for this last puzzle piece.

In addition to the DHS, funding for areas like the Pentagon, the IRS, and even the White House itself is set to expire this weekend.

Read more: How a government shutdown would impact your money

Washington, DC - March 15 : President Joe Biden and House Speaker Mike Johnson, R-La., walk down the House stairs after attending a Friends of Ireland luncheon on Capitol Hill in Washington, DC on Friday, March 15, 2024. (Photo by Jabin Botsford/The Washington Post via Getty Images)
President Joe Biden and House Speaker Mike Johnson appeared together Friday at a Friends of Ireland luncheon on Capitol Hill. (Jabin Botsford/The Washington Post via Getty Images) (The Washington Post via Getty Images)

Johnson said that an agreement has been reached for DHS appropriations without offering any additional details. House Republicans long had pushed to use the appropriations process to affect policy at the border, with 41 Republicans reiterating again Monday their desire to use the bill to "dismantle" Biden's policies.

However, the deal is likely to make only minor changes to border policy. That raises questions about whether it can be finalized and passed by the Friday night deadline — or whether another short-term extension will be required to avert a short weekend shutdown.

House Republicans have a rule that any bill requires at least 72 hours for review before voting can begin, and Senate procedure can also move slowly. That is likely to draw out the process into this weekend at least unless leaders also agree to fast-track the bill.

In any case, the agreement appears set to end Washington's overall funding battles for at least a few months and fund the entire federal government through the end of September when the current fiscal year ends.

"I will sign it immediately," added Biden in his own brief statement announcing the deal.

Other areas of the government, including funding for the agriculture, commerce, and transportation departments, were already agreed to and enacted in another deal that passed earlier this month.

Even once this last item is cleared, lawmakers still have plenty on their agenda in the weeks ahead, namely an upcoming debate around foreign aid set to take center stage on Capitol Hill.

Johnson's "next task isn't any easier — getting money to Ukraine, Israel, and Taiwan," AGF Investments chief US policy strategist Greg Valliere noted to clients on Tuesday morning.

And some lawmakers are also already looking ahead to the debate to come over fiscal year 2025, which begins in October. Biden released his FY2025 budget proposal last week, and Johnson recently said he is eager to begin that process.

Ben Werschkul is Washington correspondent for Yahoo Finance.

Click here for politics news related to business and money

Read the latest financial and business news from Yahoo Finance

Advertisement