(CNN) – National Republicans, paired with Mitt Romney's presidential campaign, will focus their attention this week on President Barack Obama's handing of the national debt, the groups announced Monday.
The effort will include a "major policy speech" from Romney, according to Iowa Republican Rep. Steve King, who was part of a conference call announcing the effort Monday morning.
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"Governor Romney will be in Des Moines tomorrow afternoon at Drake University to give a major policy speech and it'll be based on the out-of-control spending and debt," King said on the call. "The time and the facility has not yet been identified, at least to me. But it'll be tomorrow afternoon at Drake University."
In a web video released Monday, the Republican National Committee laid out Obama's record on the debt, portraying the president as weak on cutting deficits.
The spot uses clips of Obama pledging to cut the national debt alongside a running debt clock, ticking toward the $15 trillion mark. Headlines from newspapers laid over Obama's sound bites also make the Republicans' point that Obama hasn't done enough to cut the debt.
In a statement, RNC Chairman Reince Priebus slammed Obama for not sticking to his campaign promises of slashing the federal debt.
"President Obama has broken his promise over and over when it comes to reining in Washington's out of control spending," Priebus said. "During the campaign, he lambasted the growing debt and, once elected, he pledged to cut the deficit in half by the end of his first term. Yet, President Obama's record has been to double-down on Washington's out of control spending by running trillion dollar deficits every year he's been in office."
In a separate email, Romney's campaign spokeswoman Andrea Saul said Obama's record on cutting the debt amounted to failed promises.
"For the last three-and-a-half years, President Obama's liberal policies of wasteful spending and skyrocketing debt haven't lived up to his own promises to control our nation's mounting deficits," Saul wrote, adding that Romney would reduce the federal debt by making the government "simpler, smaller, and smarter."
Obama's campaign responded to the debt attacks by slamming Romney.
"Mitt Romney knows a lot about out-of-control spending and debt – it was his record in Massachusetts," Obama campaign spokeswoman Lis Smith wrote in a statement. "During his four years as governor, state spending increased by 6.5% per year, government jobs grew six times as fast as private sector jobs, taxes and fees went up by $750 million each year, and debt increased by 16%. In fact, he left Massachusetts with the largest per-capita debt of any state in the country."
The Democratic National Committee also responded to the Republicans' effort, citing Obama's achievements in slashing debt.
"President Obama has been focused on leading us out of the economic crisis and strengthening the middle class while putting forth a plan to cut the deficit by $4 trillion over the next decade," DNC Spokesman Melanie Roussell wrote. "He has initiated an overhaul of the regulatory system that cuts red tape and will save businesses $10 billion over the next five years, cut taxes for every working American, and approved fewer new regulations than President George W. Bush did during his first three years in office."