EU leaders have agreed the broad lines of a deal on the bloc's budget for 2014-202 that would fix total EU spending at 960 billion euros over the seven-year period, Reuters reports.
"We feel pretty confident that we have the framework for a deal," said one EU official told said on condition of anonymity.
"The deal is not completely finalised, but we feel sure it will be done today."
Leaders will continue negotiating in the expectation that they can sign off on a final agreement later today, the official added.
The EU budget deal is victory for David Cameron, but perhaps more accurately a victory for northern Europe over the south.
The EU president will unveil 'exciting' new budget proposals, but getting northern and southern bloc countries to agree will be tricky.