Gingrich is millions in the hole
May 20th, 2012
01:15 PM ET
3 years ago

Gingrich is millions in the hole

(CNN) – Newt Gingrich ended his campaign earlier this month with nearly $4.8 million in campaign debt, according to a report filed with the Federal Election Commission that reflected campaign activity through the end of April.

Debts of $1 million to a charter airline company, $466,370 for security services, $181,977 for public relations consulting and $165,000 for web advertising were among the largest single figures owed. The filing also listed a debt of $580,134 to Gingrich himself for travel expenses.

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Reports for spending after April are likely to make the debt total even higher.

The latest report indicated the former House speaker raised $786,782 in April and ended the month with $806,950 cash on hand.

Gingrich raised over $23 million during his debt-plagued White House bid, which officially ended on May 2. Over the course of the tumultuous year-long campaign, the former Georgia congressman at various times sat at the top and at the bottom of the GOP pool.

– CNN's Gabriella Schwarz and Kevin Bohn contributed this report.

Also see:

Rubio unleashes harsh attack on Obama in South Carolina

Gingrich stumps for Romney, calls for unity

NAACP backs same-sex marriage

Bush to return to White House for ceremony


Filed under: 2012 • Fundraising • Newt Gingrich
soundoff (49 Responses)
  1. William

    Make the idiots who spported him cough up the money!

    May 20, 2012 02:42 pm at 2:42 pm |
  2. Anonymous

    Interesting that he and the Republicans mouth fiscal responsibility and point fingers at others who are willing to incur debt in the pursuit of long term goals!

    May 20, 2012 02:42 pm at 2:42 pm |
  3. pkbkr

    What a waste of money!!! The whole country knew he could never be the nominee!!! Adelson could have given his donations to charity and have benefited so many.....instead of this clown!

    May 20, 2012 02:44 pm at 2:44 pm |
  4. Joe Schmoe

    He also owes the whole country an apology for making us listen to his drivel for all those months.

    May 20, 2012 02:46 pm at 2:46 pm |
  5. Old Republican

    I would hope that the structure of any campaign finance reform eliminates the notion of the candidates debt to themselves. If a candidate does not believe in him/herself enough to put up their money on a non-recourse basis, there is simply no way i would support them.

    May 20, 2012 02:56 pm at 2:56 pm |
  6. Wire Palladin, S. F.

    Typical conservative spending money he did not have. Been there with Bush, nothing new here.

    May 20, 2012 03:16 pm at 3:16 pm |
  7. NukeTim

    Time to pawn all of that Tiffany jewelry he bought with some of the money.

    May 20, 2012 03:21 pm at 3:21 pm |
  8. jack

    That's one expensive ego trip.

    May 20, 2012 03:22 pm at 3:22 pm |
  9. President GrinRICH...?

    Imagine what further GOP damage he would have done to our country! Bad choices he makes. Definitely not a leader or able to pick one!

    May 20, 2012 03:34 pm at 3:34 pm |
  10. Siggy

    Good thing we don't have to worry about him running the country further into debt.

    May 20, 2012 03:35 pm at 3:35 pm |
  11. judy

    so he will wite another book of find a new lobby job. Poor man. Obama 2012

    May 20, 2012 03:36 pm at 3:36 pm |
  12. kgt

    He'll probably figure out a way to saddle the taxpayers with this campaign debt.

    May 20, 2012 03:45 pm at 3:45 pm |
  13. Martha in CF

    I always thought the redumblicans were good at taking care of their funds. I guess they are proving this to be wrong-Bush put us way in the hole. Gingrich and Sanitorium are way in the hole. I am sure they want a bail out now from the redumblicans-now that they are supporting Romney. Hypocrisy as we know it......

    May 20, 2012 03:46 pm at 3:46 pm |
  14. F J Clark, Jr.

    Why would any self-respecting business offer credit to a political campaign? Uncanny.

    May 20, 2012 03:52 pm at 3:52 pm |
  15. caesarbc

    Newt should simply get a job, pull himself up by his bootstraps, and pay off his debts. If he truly is a conservative, then he would not ask uncle Mitt for a handout.

    May 20, 2012 03:56 pm at 3:56 pm |
  16. alonysus

    looks like newt was a true republican economist.

    May 20, 2012 03:59 pm at 3:59 pm |
  17. garwin1

    Wonder who will get paid first?

    May 20, 2012 04:00 pm at 4:00 pm |
  18. Barbara

    This guy can't manage his own or campaign money and he thought he could be president. When can we get someone that understands basic math.

    May 20, 2012 04:00 pm at 4:00 pm |
  19. alonysus

    Looks like Newt is a true Republican economist.

    May 20, 2012 04:01 pm at 4:01 pm |
  20. Nanci

    correction........word should be can.not can't

    May 20, 2012 04:01 pm at 4:01 pm |
  21. alonysus

    I am sure glad I am not an America hating republican.

    May 20, 2012 04:05 pm at 4:05 pm |
  22. FedUp

    Obama and BIden have more than they can spend. Call them, Newt. I'm sure they will share. Yeah, right!

    May 20, 2012 04:05 pm at 4:05 pm |
  23. Rawmoney2012

    He'll be trying to get the money from Mitt, huh?
    So, it will be a bribe for his support of a man he once called a liar.
    Or, it will be like socialism–getting a free hand out from someone.
    Or, maybe a little bit of both.

    May 20, 2012 04:09 pm at 4:09 pm |
  24. Keep on Trying

    People who believe this stuff are pretty niave. Newt stayed in the "race" to line his pockets with a little more cash. Phoney statements and a nice story and Newt made a cool 4 million while dividing the country.

    May 20, 2012 04:11 pm at 4:11 pm |
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