Associated Press
President Barack Obama speaks as Republican presidential nominee Mitt Romney and moderator Bob Schieffer listen during the third presidential debate at Lynn University, Monday, Oct. 22, 2012, in Boca Raton, Fla. (AP Photo/Pool-Michael Reynolds)

WASHINGTON — President Barack Obama and Republican Mitt Romney are outlining different visions of the U.S. role in the world.

The two men were debating foreign policy Monday in the final debate before Election Day.

3 comments on this story

Romney said the U.S. has the "responsibility and privilege" to promote peace throughout the world. But he said domestic issues like the sluggish economy and debt had weakened U.S. leadership.

Romney said he would not cut military spending as president and would work to strengthen international alliances.

Obama said the U.S. was the "one indispensable nation" in the world and is stronger now than when he took office. He said the U.S. should rebuild its economy by keeping jobs in the country rather than shipping them overseas.