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House Speaker John Boehner of Ohio looks on during a news conference at The Republican National Committee on Capitol Hill in Washingotn, Tuesday, July 26, 2011. (AP Photo/Carolyn Kaster)

WASHINGTON (AP) — Rival Democratic and Republican plans to raise the government’s borrowing ability have thrust Congress into a standoff just one week away from a potentially devastating debt crisis. President Barack Obama made a last ditch call for compromise, but House Speaker John Boehner said negotiations with the White House had been futile.

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