Congressional leaders reach short-term funding deal to keep government open: Sources

Congressional leaders have reached an agreement on a two-tiered short-term funding bill to keep the government open into March, sources familiar told ABC News Saturday.

The agreement moves the funding deadlines to March 1 and March 8. This comes ahead of the first funding deadline on Friday and will buy both chambers more time to work through individual funding bills.

Text of the short-term bill is expected to be released Sunday, a spokesperson for Senate Majority Leader Chuck Schumer said.

The short-term bill (in the form of a continuing resolution) will need to pass both the Senate and House before the end of Friday to avoid a partial government shutdown.

House Republicans will hold a conference call Sunday night to talk through the proposal and the path forward with government funding, a source told ABC News.

ABC News' Allison Pecorin contributed to this report.