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May 28, 2014 AT 6:55 AM
President Obama sought Wednesday to re-cast American foreign policy after more than a decade of war in Iraq and Afghanistan, outlining an approach built on alliances with other nations designed to combat terrorism and other global threats. "America must always lead on the world stage," Obama planned to tell graduates of the U.S. Military Academy, but he added that "military action cannot be the only -- or even primary -- component of our leadership in every instance." In urging multi-lateral action with other nations, Obama planned to propose a new fund of up to $5 billion to help other allies battle groups that engage in terrorism.