U.S. President Barack Obama on Wednesday visited Facebook headquarters in Palo Alto, California for a live webcast session to sell his economy and jobs initiatives.

In the town-hall styled session, named "Shared Responsibility and Shared Prosperity," Obama discussed his vision for bringing down the country's deficit with Facebook CEO Mark Zuckerberg and Facebook users who submit questions on-line.

The U.S. president intends to use the event to deliver his message that the partisan budget dispute should be resolved with a combination of spending cuts and tax increases on the wealthy, a concept he calls "shared responsibility."

The event is part of Facebook's fast-growing program of "Facebook Live," featuring live-streamed videos on Q&As with celebrities. Zuckerberg made his Facebook Live debut with his interview with former President George W. Bush in November.