“The president will be laying out his approach to long-term deficit reduction later this week,” Plouffe said on NBC's "Meet the Press," adding that Obama’s budget for 2012 has already put forward a plan for reducing the deficit by a trillion dollars over the next 10 years.
http://www.politico.com/blogs/politicolive/0411/Obama_will_make_major_budget_address.html?showall