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May 03, 2012


Gingrich Campaign Has Mountain of Debt

Newt Gingrich may have ended his candidacy for president yesterday, but with $4 million of debt piled up, it is certain that his campaign will continue for quite a bit longer, according to ABC News.

"Campaign watchdogs said the size of Gingrich's debt is extraordinary -- and could have been avoided if the candidate and his team had been more disciplined... Romney and the Republican National Committee have offered to be helpful in retiring Gingrich's debt. Relief can't come soon enough for the Gingrich campaign's anxious creditors... Campaign debts can haunt unsuccessful candidates for years, symbols of failure and futility they are unable to forget. But losing candidates like Gingrich who hold no office face the biggest challenge in trying to retire their debts. The reason is simple: They are in no position to help donors or influence public policy."












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