Romney calls for conditions on foreign aid: "No country gets a blank check," says Romney adviser

Republican presidential nominee Mitt Romney laid out a new plan at the Clinton Global Initiative today on how the United States provides foreign aid. He calls the plan  the "Prosperity Pact," which would attach more strings to the $50 billion the U.S. gives to other countries every year.

Does it add up?

OutFront tonight: Dan Senor, Romney Campaign Foreign Policy Adviser.

Romney lays out 'aid with trade' in major foreign policy speech

Mitt Romney sought to bolster his foreign policy credentials Tuesday, stressing his plan to strengthen aid to developing markets overseas through free enterprise and trade.

"The aim of a much larger share of our aid must be the promotion of work and the fostering of free enterprise. Nothing we can do as a nation will change lives and nations more effectively and permanently than sharing the insight that lies at the foundation of America's own economy," Romney said at the Clinton Global Initiative in New York City.

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