President Obama Addresses Clinton Global Initiative

U.S. President Barack Obama is calling on leaders from all sorts of backgrounds to come together to tackle worldwide problems.

Mr. Obama says it is time for a new spirit of partnership.

The comments came in a rather philosophical address to the Clinton Global Initiative. It is a forum set up by former President Bill Clinton to encourage leaders from government, business, academia and other fields to join forces to deal with global challenges.

After making promises to help their constituents, employees and customers emerge from a global economic crisis, heads of state, global business leaders and prominent philanthropists are being challenged this week to make good on their word.

The Clinton Global Initiative, which began Tuesday in New York, has drawn hundreds of global leaders - such as World Bank Group President Robert Zoellick, U.S. President Barack Obama, Goldman Sachs Group's (GS) Chairman Lloyd Blankfein and JPMorgan Chase (JPM) Chief Executive Jamie Dimon - in funding commitments for a range of causes, including global health and education, strengthening infrastructure, the welfare of girls and women, climate change and ending poverty.