Gingrich's debt nearly matches cash on hand in January
February 20th, 2012
09:03 PM ET
8 years ago

Gingrich's debt nearly matches cash on hand in January

(CNN) - Newt Gingrich finished the first month of electoral contests with almost $1.8 million cash on hand and owing nearly as much in debt, his campaign disclosed Monday.

He raised nearly $5.6 million in January, according to financial reports filed with the Federal Election Commission.

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After a loss in the Iowa caucuses, Gingrich largely skipped the New Hampshire primary to focus his efforts on South Carolina, which he won later in the month.

Gingrich spent $5.9 million that month and drew upon the $2.1 million he raised in 2011. He finished the month owing $1.7 million in debt.

His January haul is approximately $1 million less than his chief rival, Mitt Romney, raised in the same month.

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Filed under: 2012 • Fundraising • Newt Gingrich
soundoff (12 Responses)
  1. smknbluebear

    who would give this obese ingrate money to take us back to mccarthyism?

    February 20, 2012 10:04 pm at 10:04 pm |
  2. Heather

    And he talks of fiscal responsibility?

    February 20, 2012 11:10 pm at 11:10 pm |
  3. Thomas

    The GOP primary resembles the triple crown , only instead of Thoroughbred horses , there racing mules.

    Only fools bet on mules .

    February 20, 2012 11:26 pm at 11:26 pm |
  4. S.B. Stein E.B. NJ

    I don't know why he is staying in the race. He isn't going to make it. It is going to be hard to justfy his continued involvment in the race soon. This is to say nothing of Ron Paul since his followers are fanatical who just never vote which makes it hard for him to win anything.

    February 20, 2012 11:47 pm at 11:47 pm |
  5. Pathetic

    Newt is still in the race? Hasn't anyone told him he's a LOSER?

    February 21, 2012 12:03 am at 12:03 am |

    Who cares? Let them throw it away.

    February 21, 2012 05:36 am at 5:36 am |
  7. TimC

    Jut what we need – another politician that can't manage his money! Yet more proof he shouldn't have the job he's begging for.

    February 21, 2012 07:40 am at 7:40 am |
  8. Sams Dog

    Gingrich's ego knows no bounds, Has he not grasped that he is unelectable and there is no way he is going to be nominated? All this money......his and and PAC. could be better spent somewhere else.....Anywhere else.

    February 21, 2012 08:22 am at 8:22 am |
  9. diridi

    Mr.Departed Reagan, why don't you exit from Election? People are fed-up with your Trickle-Down nonsense. Don't you realize? You did not win even two states. Shame, you are spending time and taxpayer's money.

    February 21, 2012 08:27 am at 8:27 am |
  10. king

    Just like a repubs, spend like a lunatic then blame the other man. These war mungering repubs claims to be so fiscal conservative. Yet they've never seen a war or a potential of a war that they didn't want to jump in. They are all about pushing massive amount of money to their world domination ideologies, and when its time to foot the bill they claim its the dens fault. How gullible these people are to put another repubs war linger into office and call them fiscal responsible. All these folks wants to do is destroy countries and get their lobbyist cronies to rebuild their cities with the blood and taxes off the American people, leaving them what just happened. If the American people get rid of the only president in decades that looks out for their interest and chose the repubs who looks about the 1 percenters and rebuilding China and India with American jobs, well we deserve what we get.?????????????????????

    February 21, 2012 08:32 am at 8:32 am |
  11. real democrat

    So i see the gop is getting worried about there three stooges mitt is moe rick is larry and newt is curly love watching them when i was young all ways made me laugh these three morons are funnier they should leave politics and get there own show the new three stooges would definatly watch it every week

    February 21, 2012 10:04 am at 10:04 am |
  12. Anonymous

    Let's see his Tiffany's bills.

    February 21, 2012 10:41 am at 10:41 am |