WASHINGTON (REUTERS) - Democratic and Republican leaders in the US Senate could announce a deal late on Wednesday to extend the government's borrowing authority until Feb 7 and quickly re-open federal agencies that have been closed since Oct 1, a Senate aide said.

The aide described a deal in line with provisions that were being negotiated in the Senate before a failed House of Representatives proposal suspended those talks. The provisions include a temporary government spending Bill running through Jan 15.

The aide said discussions were also under way in which the Republican-controlled House, if it cooperated, could help speed up passage of any deal before an Oct 17 deadline when the Treasury Department said it would bump up against its borrowing limit.