- The 2012 presidential campaign for Newt Gingrich, and one-time Republican Speaker of the House, still owes $4.6 million to a string of vendors for costs racked up during his bid.
- The month after being vetted to be former President Donald Trump’s vice president, the FEC rejected its debt settlement plan, and the campaign appears to have abandoned any efforts to pay its debts.
- The $4,631,534.55 figure makes Gingrich’s 2012 lackluster campaign one of the most indebted in all of American history.
Bryan Metzger from Insider writes:
“The 2012 presidential campaign for Newt Gingrich — one-time Republican Speaker of the House, and the husband of former US Ambassador to the Vatican Callista Gingrich — still owes $4.6 million to a constellation of vendors for costs racked up during his bid.
Gingrich’s “Newt 2012” committee filed its latest quarterly report with the Federal Election Commission on Monday, as it has every 3 months since 2012. It’s a 46-page document detailing all the different vendors that Gingrich owes, how much he owes them, and for what.
The $4,631,534.55 figure makes Gingrich’s 2012 campaign one of the most indebtedin American history. The campaign’s treasurer, whose name is Taylor Swindle, files the reports every 3 months.
After the FEC rejected a debt settlement plan submitted by the committee in August 2016 — the month after he was vetted to be former President Donald Trump’s vice president — the campaign appears to have largely abandoned any efforts to pay back the hundreds of thousands of dollars it owes to venders for campaign services…”
See full story here.
Categories: Business, Government, Politics
Economic Left 
Leave a Reply