President Barack Obama speaks at the Congressional Hispanic Caucus Institute’s 34th Annual Awards Gala at the Washington Convention Center, Wednesday, Sept. 14, 2011 in Washington. (AP Photo/Charles Dharapak)

WASHINGTON (AP) — President Barack Obama is backing away from some deficit reduction proposals he considered during failed summer negotiations with House Speaker John Boehner even as he prepares to unveil a broad plan to tackle the nation’s debt with a blend of tax revenue and lower spending on health care programs.

The president won’t include adjustments to Social Security when he lays out his plan Monday for lowering long-term deficits by $2 trillion over 10 years. In July, during talks with Boehner over raising the nation’s borrowing limit, the White House had proposed reducing cost-of-living adjustments for most Social Security recipients, a proposal that met stiff Democratic resistance.

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