Mitt Romney expands on 'day one' promises

Cutting the federal deficit and standing up to China on trade are two of the "day one" promises offered by likely GOP nominee Mitt Romney in a new television ad his campaign announced Thursday.

"Day One, Part Two" is the sequel to Romney's first general election television ad, which the campaign unveiled one week ago. In that ad, Romney listed another set of proposals he would begin to enact his first day in office: approving the controversial Keystone Pipeline and beginning to repeal President Barack Obama's sweeping health care law.

The Romney campaign will spent just under $2 million to air the new ad in Ohio, Iowa, Virginia and North Carolina, according to an ad buying source. All four states are considered up for grabs in November's general election.

In the spot, an announcer asks, "What would a Romney presidency be like?"

The answer: "Day one, President Romney announces deficit reductions, ending the Obama era of big government, helping secure our kids' futures."

The announcer continues by telling viewers "President Romney stands up to China on trade and demands they play by the rules. President Romney begins repealing job-killing regulations that are costing the economy billions."

Like the first "Day One" ad, Romney's campaign also released a Spanish-language version of the spot.