Obama demands big deal for debt limit ANDREW TAYLOR,Associated PressBEN FELLER,Associated Press 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. "If not now, when?" Obama said in a news conference just ahead of his latest bargaining session with congressional leaders at the White House.