( CNN ) -- Senate Democrats and the White House failed to find 60 votes to end debate on a $ 14 billion auto bailout bill and bring it to a vote Thursday night , killing the measure for the year . Sen. Tom Coburn , center , and other Republican senators raised objections to the auto bailout plan Wednesday . The 52-35 vote followed the collapse of negotiations between Senate Democrats and Republicans seeking a compromise . `` We have worked and worked and we can spend all night tonight , tomorrow , Saturday , and Sunday , and we 're not going to get to the finish line , '' Senate Majority Leader Harry Reid said on the Senate floor before the vote . `` That 's just the way it is . There 's too much difference between the two sides . '' Reid acknowledged the bill would not survive the procedural vote . Senate Minority Leader Mitch McConnell said the sticking point was the United Auto Workers ' refusal to set a `` date certain '' to put employees at U.S. auto manufacturers at `` parity pay '' with U.S. employees at foreign automakers in the United States . Currently , analysts estimate the union workers at U.S. automakers make about $ 3 to $ 4 per hour more than the non-union U.S. employees of foreign automakers like Toyota and Honda , according to the Center for Automotive Research . Watch the market ramifications of the bailout failure » . The House easily passed the bailout bill earlier this week , but it quickly ran into trouble in the Senate , where Republicans objected to several provisions . Negotiations Thursday involved a compromise proposal put forward by Sen. Bob Corker , R-Tennessee , but the senators could not reach agreement . The collapse of negotiations could possibly doom General Motors to a bankruptcy and closure in the coming weeks , with Chrysler potentially following close behind . While Ford Motor has more cash on hand to avoid an immediate crisis , its production could be disrupted by problems in the supplier base , as could the production of overseas automakers with U.S. plants such as Toyota Motor and Honda Motor . Watch how the automakers crisis has a ripple effect on Asia » . The struggling automakers may get some money anyway . As part of their effort to urge skeptical Republicans to back the deal , Bush officials made clear that if Congress did n't act , the White House would have to step in to save Detroit from collapse with funds from the Troubled Asset Relief Program , according to the sources familiar with the conversations . One of the sources said that a White House official made it clear to a GOP senator that would be the worst option , because the loan could go to the auto companies with few or no requirements along with it . The sources asked not to be named because of the sensitivity of private conversations . Democrats pressed the White House from the start to help Detroit by using some of the $ 700 billion for the financial sector , but the White House and Treasury Secretary Henry Paulson refused . `` I would only hope that the president , who has worked so well with us for the past several weeks , would now consider using the TARP money , '' Reid said after Thursday night 's vote . CNN 's Dana Bash and Ted Barrett contributed to this report .
NEW : This means the product will ship as received by the manufacturer, sealed, with all advertised components, and with the manufacturer warranty. Sources : Bush officials said if no compromise , Wall Street bailout will be used . Bill killed after compromise talks between Republicans , Democrats collapse . `` There 's too much difference between the two sides , '' Sen. Harry Reid says .