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Gingrich Campaign Over $1M in Debt

Gingrich Campaign Over $1M in Debt

By Shannon McCaffrey - July 15, 2011


ATLANTA (AP) -- Newt Gingrich's presidential campaign is more than $1 million in debt, according to his campaign disclosure provided to The Associated Press on Friday.

The former House speaker's campaign raised $2.1 million since he got into the race earlier this year. But he spent $1.8 million, and listed $1.03 million in debt, including more than $100,000 in legal fees.

Gingrich listed $322,222 cash on hand.

His campaign said he had received contributions from 20,217 donors, with 17,959 donating $100 or less.

Gingrich's White House bid has struggled since 18 staff members, consultants and advisers, including his two chief fundraisers, resigned earlier this year.

He scaled back his spending, flying commercial airlines rather than taking corporate jets.

Copyright 2011 The Associated Press. All rights reserved.

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