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« Campaign Fundraising: March Financial Round-Up | Main | Obama‚Äôs Private Equity Donor: Double-Standard? »
Saturday
Apr212012

Gingrich Campaign $4.3 Million In Debt, Filings Show

Peter Foley/Bloomberg via Getty Images(WASHINGTON) -- Newt Gingrich owed $4.3 million in debt by the end of March, his monthly FEC filing shows.

The Gingrich campaign only took in $1.6 million in March — $1 million less than it did in February. The campaign spent $2 million, and reported having only $1.2 million cash on hand at the end of the month.

The campaign’s list of debts and obligations is long, but Gingrich owes the most money to Moby Dick Airways Ltd., a private charter company based in Sterling, Virginia. The campaign owes the company roughly $1 million. The second largest debt is owed to Patriot Group Security Services; filings show that the Gingrich campaign owes the company $449,502.

Gingrich also owes himself $271,775 — money that was listed as being for travel.

In addition, the March debt report is filled with typical campaign expenses — travel, consulting fees, legal fees, media production, ballot access fees, etc., are all listed as expenditures.

Copyright 2012 ABC News Radio







ABC News Radio