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"I am pleased to announce that a deal has been struck," Mr. Trump tweeted, saying there will be no "poison pills" added to follow-up legislation. "This was a real compromise in order to give another big victory to our Great Military and Vets!"

The agreement is on a broad outline for $1.37 trillion in agency spending next year and slightly more in fiscal 2021. It would mean a win for lawmakers eager to return Washington to a more predictable path amid political turmoil and polarization, defense hawks determined to cement big military increases, and Democrats seeking to protect domestic programs.

Lawmakers in Washington have negotiated a new federal spending deal, marking the first step toward avoiding a potential federal default on debt.