[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/05/19/art.getty.harry.reid.jpg caption="Sen. Harry Reid and Democrats failed to secure enough votes to end debate on Wall Street reform legislation."]Washington (CNNMoney.com) - After months of negotiation and debate, far-reaching legislation to overhaul the rules of Wall Street failed a key test vote in the Senate on Wednesday, casting a shadow over Democratic efforts to push the effort forward.
The measure aims to stop bailouts, shine a light on complex financial products and strengthen consumer protection.
The vote was 57 to 42. Under Senate rules, Democrats needed 60 votes to move ahead to a final vote.
Senate Majority Leader Harry Reid, D-Nev., had said he wanted a final vote by the end of the week. But now the next steps are unclear.