FILE - In this June 16, 2011 file photo, Republican presidential hopeful, former House Speaker Newt Gingrich speaks at the Republican Leadership Conference in New Orleans. Gingrich's top two fundraising advisers resigned Tuesday, June 21, 2011, and officials said the Republican candidate's hobbling presidential campaign carried more than $1 million in debt. The departures were the latest blow for the former House speaker who watched 16 top advisers abandon his campaign en masse earlier in June. (AP Photo/Patrick Semansky, File) (AP)

Newt's campaign is $1 million in debt

And his favorability rating plunges in one key early primary state


Justin Elliott
July 6, 2011 5:10PM (UTC)

We learn today that Newt Gingrich, campaigning for the top executive position in the land, has not even been keeping track of the financials of his own operation. Politico reports that he's $1 million in debt:

Gingrich supporters acknowledge that his debt represents a serious financial challenge, though they note that the Republican has paid down about 10 percent of $1.2 million in invoices since June 9, when most of his senior political staff resigned...

R.C. Hammond, the press secretary for Gingrich’s presidential campaign, shed new light on the arc of Gingrich’s financial woes, explaining that the presidential candidate only learned of the severity of his debt when a new campaign director reviewed the books after last month’s staff shakeup.

And what did all that money buy him? His net favorability rating in the new WMUR poll of New Hampshire Republicans has plunged to a stunning minus 37 percent, down from minus 2 percent in April.

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Justin Elliott

Justin Elliott is a reporter for ProPublica. You can follow him on Twitter @ElliottJustin

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