The following are some details of the yet unpublished draft deal as outlined by different officials and Russian news agencies.
The Prime Minister will need to get parliamentary backing in forming the bulk of the government. Currently only the Prime Minister is approved by parliament, which has no further role in forming the government. The Duma should revise the law on the government in a month's time to include the changes;
The President retains his exclusive right to nominate the ministers of defence, interior and foreign affairs, as well as the powerful chief of the Federal Security Service;
President Yeltsin agrees not to dissolve the State Duma until it serves out its full term in late 1999;
Until then, the Duma will not initiate a vote of no-confidence in the government, while the cabinet will not ask the Duma to hold a confidence vote;
The law on mass media should be amended to introduce some form of public control over state-run television.
Apart from the political draft the sides have agreed the Duma's ruling council will meet early today to consider again whether to debate and vote on Mr Victor Chernomyrdin's confirmation later in the day.
The Communist leaders have said they need more time for consultations with their allies and Mr Chernomyrdin and urged the chamber to put off the debates until tomorrow or later.
A separate economic policy blueprint was broadly agreed last week but details of it have yet to be published.