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Los Angeles and U.S. Olympic officials reach agreement on 2024 bid

Los Angeles officials and the U.S. Olympic Committee have reached an agreement in their negotiations over L.A. serving as the American bidder for the 2024 Olympic Games, according to a person close to the situation who was not authorized to speak publicly.

If, as expected, the Los Angeles City Council votes on Tuesday to authorize Mayor Eric Garcetti to pursue the bid, the announcement could come as soon as that afternoon.

"We've made significant progress and are awaiting council approval before taking any next steps," said Jeff Millman, a senior aide to Garcetti who is on leave to handle the L.