Industry sources told BBC political correspondent Ross Hawkins the industry-backed press regulator would not apply for formal recognition under the government's royal charter plans and it will not apply to be the official regulator.
It is hoped the agreements will allow authorities to press on with projects which encourage growth rather than having to apply for Whitehall funding each time.
"Our lawyers concluded that in the absence of a statement to the contrary from Congress, the Fair Labor Standards Act would apply, " domestic policy advisor Bruce Reed told The Associated Press.
No 10 said the prime minister was determined to press ahead with an overhaul of the Lords and the "usual rules" would apply to any members of the government defying the party whip.
So we've got about as difficult a economic play as is possible, which is to press the accelerator, in terms of job growth, but then know when to apply the brakes in the out-years, and do that credibly.