Romney, Obama focus on US posture abroad

CREATED Sep. 25, 2012

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NEW YORK (AP) -- President Barack Obama and Republican challenger Mitt Romney are sparring over how best to address U.S. challenges abroad in nearly back-to-back addresses at the Clinton Global Initiative's annual meeting.

Following deadly anti-American protests in Muslim countries over the past two weeks, Romney was to outline plans Tuesday to rework the U.S. foreign aid system, tying development money to requirements that countries allow U.S. investment and remove trade barriers. Obama also was to address top foreign leaders, CEOs and nongovernmental organizations at the gathering spearheaded by former President Bill Clinton.

The event puts the two presidential contenders in front of the same audience on the day Obama also was delivering a major address to the United Nations General Assembly.