Newt Gingrich had second line of credit at Tiffany and Co.
Former House Speaker Newt Gingrich’s presidential campaign has stumbled badly out of the starting gate. (Photo by Justin Sullivan/Getty Images)Former House speaker Newt Gingrich had a second line of credit at the high-end jewelry store Tiffany and Co. for as much as $1 million dollars, his presidential campaign acknowledged Tuesday.
Joe DeSantis, a spokesman for Gingrich, said that the candidate’s personal financial disclosure filing, which is due within 30 days of his formal entrance into the presidential race, will “show that the Gingriches had a $500,000 to $1 million line of credit at Tiffany’s, that it has a zero balance, and it has been closed.”
DeSantis added that all debts to Tiffany had been paid in full. He offered no details about when the second line of credit was taken out, what it was used for or when it was closed.
This revelation comes roughly a month after personal financial disclosure forms for Gingrich’s wife, Callista, showed that the family had carried a line of credit ranging between $250,000 and $500,000 at Tiffany’s during 2005 and 2006.
Gingrich’s campaign has struggled since its inception. After formally entering the race on May 12, he weathered widespread staff departures earlier this month amid allegations that the campaign was running low on cash even as the candidate insisted on taking chartered planes to and from events.
Earlier on Tuesday, two of Gingrich’s top fundraisers quit the campaign.
• Fact Checker: Gingrich's dubious claim of 'normal' account
• Huntsman announces 2012 bid
• Romney sharpens attack on financial regulations
• Bachmann makes it official
• Two GOP hopefuls vie for Mormon cash
• Photos: A look at Newt Gingrich's political career
• Photos: Low-profile Huntsman joins wide-open field
• Photos: Bachmann announces her candidacy
• Full coverage of Campaign 2012
- Spam
- Obscene
- Duplicate
Blog Contributors
Chris Cillizza
Chris Cillizza is founder and editor of The Fix, a leading blog on state and national politics. He is the author of The Gospel According to the Fix: An Insider’s Guide to a Less than Holy World of Politics and an MSNBC contributor and political analyst. He also regularly appears on NBC and NPR’s The Diane Rehm Show. He joined The Post in 2005 and was named one of the top 50 journalists by Washingtonian in 2009.
Juliet Eilperin
Juliet Eilperin covers the White House for the Washington Post. She served as the Post's House of Representatives reporter from 1998-2004, covering the impeachment of Bill Clinton, lobbying, legislation, and five national congressional campaigns. Since 2004 she has been one of the country’s leading reporters covering the environment, reporting on science, policy and politics in areas including climate change, oceans, and air quality. She is the author of two books, "Fight Club Politics: How Partisanship is Poisoning the House of Representatives," and "Demon Fish: Travels Through the Hidden World of Sharks." Follow her on Twitter.
Ed O’Keefe
Ed O’Keefe covers Congress and politics for the Washington Post. He previously covered the 2008 and 2012 campaigns and reported on federal agencies and federal employees as author of The Federal Eye blog. Follow Ed on Twitter.
Aaron Blake
Aaron Blake covers national politics at the Washington Post, where he writes regularly for “The Fix,” the Post’s top political blog. A Minnesota native and summa cum laude graduate of the University of Minnesota, Aaron has also written about politics for the Minneapolis Star-Tribune and The Hill newspaper. Aaron and his wife, Danielle, live in Annandale, Va. Follow him on Twitter.
Sean Sullivan
Sean Sullivan covers national politics for “The Fix.” Prior to joining the Washington Post in the summer of 2012, Sean was the editor of Hotline On Call, National Journal Hotline’s politics blog. He has also worked for NHK Japan Public Broadcasting and ABC News. Sean is a graduate of Hamilton College, where he received a degree in Philosophy. He lives in Washington, D.C. Follow Sean on Twitter.
Scott Clement
Scott Clement is a survey research analyst for Capital Insight, the independent polling group of Washington Post Media. Scott specializes in public opinion about politics, election campaigns and public policy. He helps design and analyze all Washington Post polls, including the Washington Post-ABC News poll. Follow Scott on Twitter.
Rachel Weiner
Rachel Weiner covers national politics for Post Politics and The Fix. She came to the Washington Post in 2010 as a political web editor and anchored the Post's 2012 election blog. She was previously a web editor at The Huffington Post. Follow her on Twitter.
Latest Tweets
Jay Carney invokes birtherism in responding to reporter questions about various investigations. http://t.co/DrBcjSEjTh
Douglas Shulman won’t apologize — yet, at least http://t.co/0AP7ROMjHH
As @AaronBlakeWP notes, Senate hearings generally include fewer theatrics compared to House hearings: http://t.co/MFIOAuVVnm
Loading...
Comments