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Kerry says US to start $5B anti-terrorist fund

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May 21, 2014: U.S. Secretary of State John Kerry speaks to U.S. Embassy employees in Mexico City. (AP)

Secretary of State John Kerry says the United States will begin a $5 billion "terrorism partnership fund" to help other countries push back against radical extremists.

Kerry says President Barack Obama will announce the fund during his commencement speech Wednesday at the U.S. Military Academy in West Point, New York.

Obama on Tuesday put forward a blueprint for ending U.S. military engagement in Afghanistan by the time he leaves office.

Kerry says that plan will allow the U.S. to divert resources to the anti-terrorism fight in other parts of the world. He says U.S. foreign policy needs to reflect a "rapidly changing, more complex world where terrorism is the principal challenge."

Kerry described the anti-terrorist funding on "CBS This Morning."