Washington (CNN) -- House Speaker John Boehner's plan to raise the nation's debt ceiling and slash government spending narrowly passed his chamber on Friday and then was blocked by Senate Democrats, setting up a weekend of negotiations to seek a deal that would avoid a potential federal default next week. The Senate vote was 59-41 to table the measure, which effectively kills it unless Democrats decide to bring it up again. Earlier, Boehner's proposal was approved by the House in a sharply polarized 218-210 vote that was delayed by a day while the speaker rounded up support from wary tea party conservatives. No Democrats supported the measure, and 22 of the 240 members of the Republican majority also opposed it.
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NEW: Sen. Reid revises his plan to bring $2.4 trillion in savings
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NEW: Defense Secretary Panetta asks for patience from the military
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The Senate blocks House Speaker Boehner's debt ceiling plan
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Congress must raise the $14.3 trillion debt ceiling by August 2 or risk default
Daley said that similarities between the @placeholder and Reid plans "may be the grounds for a deal that, hopefully, both parties can pass."