Gingrich Campaign Is Financially Busted

ATLANTA –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 campaigners 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.


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One Comment

  1. Amy July 16, 2011 8:44 am

    Money down the toilet, literally…

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