A comparison of President Barack Obama's latest deficit reduction proposal with a Republican plan written largely by Rep. Paul Ryan of Wisconsin, and expected to get a House vote this week:

DEFICIT

Without changes to current law, budget deficits will total $7 trillion over the next decade, the Congressional Budget Office projects. The deficit is the difference between the government's outlays and its income in a fiscal year. Both Obama's and Ryan's proposals are vague in several areas.

Obama proposes reducing deficits by $4 trillion over 12 years, with $3 trillion coming from spending reductions and $1 trillion from additional revenue. The president wants to resurrect a "trigger" that would enact automatic spending cuts if deficits haven't stabilized by 2014.

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