In his first television interview since the election, Mr Obama told CBS he would pull troops out of Iraq, shore up Afghanistan, and close Guantanamo Bay.
"I'm going to make sure that we don't torture," he said of the prison camp.
Mr Obama also promised to do "whatever it takes" to stabilise the US economy, including rescuing the struggling auto industry and assisting homeowners.
On Saturday, he said the US was facing "the greatest economic challenge of our time" and urged Congress to help with "at least a down-payment on a rescue plan that will create jobs".
His advisers later said he would support the co-ordinated response to the global financial crisis agreed by the G20 on Saturday.
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