Israel and Hamas agree in principle to ceasefire, hostage deal, sources say.

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A draft deal for a ceasefire in Gaza and hostage release has been agreed to in principle and, if all goes well, will be finalized by Israel and Hamas this week, Arab, U.S. and Israeli officials told CBS News.

If final details are approved, and the Israeli government also votes to approve it shortly thereafter, implementation of the deal could begin this weekend, U.S. and regional sources said. That means President Biden's long-sought ceasefire deal could come together in the final days of his presidency, and incoming President-elect Donald Trump would oversee its implementation.

Sources tell CBS News that the parties have begun drafting public statements of success and hopes are high on all sides.

Getting to a ceasefire and hostage release deal

In Doha, the talks have been underway for the past few weeks and were continuing Tuesday.

Mr. Biden's top Mideast adviser, Brett McGurk, has been in the region for the better part of a month working to close the deal, coordinating on a regular basis with Steve Witkoff, who has been tapped by Trump to be special Middle East envoy.

Witkoff was in Israel over the weekend for meetings with Israeli Prime Minister Benjamin Netanyahu. The Qatari prime minister is set to meet Tuesday with Mossad Director David Barnea to help finalize the details of the agreement.

While the Biden administration has been drafting a detailed plan for the so-called "Day After" the Israeli withdrawal in Gaza, its implementation and enforcement would be left to the Trump administration. Privately, U.S. officials acknowledge this plan for governance is aspirational, and it would be up to the Trump team to help shape the future of Palestinian Gaza and pressure the Netanyahu government and Hamas to adhere to later phases of the deal.

"I think the pressure is building for Hamas to come to yes, and I think Israel also has achieved a huge amount of its military objectives in Gaza, and therefore, they are in a position to be able to say 'yes,'" U.S. national security adviser Jake Sullivan told reporters.

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