Running a presidential campaign is costly, with many campaigns operating in the red.
According to a Bloomberg report, the campaign with the largest outstanding debt belongs to Newt Gingrich, owing $4.6 million for his 2012 presidential campaign.
A Huffington Post article from July 2015 reported the campaign was indebted to several businesses, the largest portion of the debt, 1.8 million, owed to Moby Dick Airways for chartered jet service.
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Campaign field and political operator Bo Harmon revealed he is still owed $25,000 for his work organizing volunteers, as well as canvassing neighborhoods and making phone calls. Harmon said he called for 2 years following the campaign’s end attempting to collect the amount he was owed, but never received a response.
“Especially with someone like Newt, you hope they conduct themselves in a different way than that. So it’s very disappointing,” Harmon said. “He’s not the first politician to disappoint his supporters, and he won’t be the last.”
A deadline for Gingrich’s debt settlement plan, originally set for May 23, has been moved to August 1.
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Gingrich is not the only one to owe for campaign expenses. President Obama’s campaign still owes $2.4 million for his 2012 campaign, while Libertarian candidate Gary Johnson owes $1.4 million for his 2012 bid for the White House. Others like Reverend Al Sharpton and former Senator John Edwards are still in campaign debt.
In an interview with Fox News’ Sean Hannity, Gingrich confirmed he would consider joining the Donald Trump presidential ticket. “I endorse Donald Trump. I’m going to work very hard for the nominee,” he said.
When asked if Gingrich was on the short list of possible running mates, presumptive Republican nominee Trump said, “Absolutely. I’ll say yes, because he’s been such a supporter. I mean, anybody that supports me is on the shortlist as far as I’m concerned.”
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