Washington (CNN) - Senate Republicans succeeded Monday in blocking the chamber from debating a Wall Street reform bill pushed by Democrats and the Obama administration.
The vote means that senators will continue closed-door negotiations on two proposals passed by Senate committees to be merged into a bill intended to prevent another Wall Street meltdown like the one in 2008 that led to the U.S. recessions.
The Senate's 41-member Republican caucus signaled before the vote it would unanimously oppose the motion to begin debate on the bill, meaning there was no chance it could succeed.
Democrats needed 60 votes to pass the measure, including at least one Republican in addition to the 59 votes in the Democratic caucus.
The final vote tally of 57-41 included two Democrats who voted against the motion. One was Senate Majority Leader Harry Reid, D-Nevada, who voted "no" for procedural reasons to ensure he could bring the motion up for reconsideration in the future.
The other Democrat to oppose the measure, Sen. Ben Nelson of Nebraska, said he did so because there was no final bill to be debated.
Two Republicans were not present for the vote.
Updated: 6:30 p.m.
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