Senate Republican and Democratic leaders announced Tuesday they would accept a House plan to authorize highway funding until October 29.

The short-term measure is expected to pass the House on Wednesday and then head to the Senate, where both GOP and Democratic leaders predicted it would pass "quickly."

It does not include a provision to revive the expired Export-Import Bank, effectively leaving the bank dormant until at least September. The longer-term bill in the Senate had language to revive the bank, but House Republicans said they wouldn't consider that bill this week.

The announcement brings an end to the impasse between the two chambers over highway funding ahead of a Friday deadline, when authorization for spending on highway and bridge projects expires. It will also mark the 35th time Congress has passed a short-term bill to authorize highway projects, even though lawmakers have clamored for a multi-year bill.

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