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Gingrich Campaign $4.3 Million In Debt, Filings Show

Political News

0  Updated at 8:51 am, April 21st, 2012 By: ABC Digital
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Peter Foley/Bloomberg via Getty Images(WASHINGTON) — Newt Gingrich owed $4.3 million in debt by the end of March, his monthly FEC filing shows.

The Gingrich campaign only took in $1.6 million in March — $1 million less than it did in February. The campaign spent $2 million, and reported having only $1.2 million cash on hand at the end of the month.

The campaign’s list of debts and obligations is long, but Gingrich owes the most money to Moby Dick Airways Ltd., a private charter company based in Sterling, Virginia. The campaign owes the company roughly $1 million. The second largest debt is owed to Patriot Group Security Services; filings show that the Gingrich campaign owes the company $449,502.

Gingrich also owes himself $271,775 — money that was listed as being for travel.

In addition, the March debt report is filled with typical campaign expenses — travel, consulting fees, legal fees, media production, ballot access fees, etc., are all listed as expenditures.

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