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Wednesday
Nov162011

Newt Gingrich to Release Freddie Mac Records, Denies Lobbying

Jessica McGowan/Getty Image(NEW YORK) -- He may be climbing in the polls, but Newt Gingrich has little time to bask in his renewed popularity as he finds himself defending his role and pay at Freddie Mac.

Gingrich’s campaign said Wednesday they will release all the documents they legally can of his contract with the once-beleaguered housing giant. Gingrich continued to staunchly deny reports that he ever lobbied for the group, but he skirted questions about the financial payouts he received from Freddie Mac for his contracting work.

Bloomberg News reported Tuesday that the former House Speaker made between $1.6 million and $1.8 million in consultation fees in a nine-year span. Sources told Bloomberg that in 2006, Gingrich was asked “to build bridges to Capitol Hill Republicans and develop an argument on behalf of the company’s public-private structure that would resonate with conservatives seeking to dismantle it.”

Gingrich says he never lobbied on behalf of Freddie Mac and that he simply offered “strategic advice over a long period of time.”

When asked about his compensation, the former congressman said he couldn’t verify the specific amount.

A Freddie Mac spokesman confirmed to ABC News that Gingrich was a consultant for the group, not a lobbyist, but would not disclose his financial payout or details of his contract.

Copyright 2011 ABC News Radio

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