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President Barack Obama gestures as he speaks in the briefing room of the White House in Washington, Monday, July 11, 2011 (AP Photo/Carolyn Kaster)

WASHINGTON (AP) — Imploring both political parties to give ground, President Barack Obama declared Monday he would reject any stopgap extension of the nation’s borrowing limit, adding fresh urgency for Republicans and fellow Democrats to resolve intense tax and spending disputes and head off economic calamity.

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