Newt Gingrich’s 2012 presidential campaign has more than $4.6 million in debts more than a year after the former House Speaker lost the Republican nomination to Mitt Romney.
Gingrich’s $4,657,479 in campaign debts at the end of September was little changed from the $4,718,234 at the end of June and $4,790,978 at the end of March, Federal Election Commission reports show.
Gingrich’s campaign owes $977,322 to Moby Dick Airways, an air charter company, and $649,118 to Gingrich himself for travel costs. The campaign received $88,658 from a direct-mail firm for renting his mailing list.
It can take years for presidential candidates to retire campaign debts. President Barack Obama’s campaign had about $3.4 million in debts at the end of September.