WASHINGTON (AP) -- Former House Speaker Newt Gingrich's
presidential bid is more than $1.1 million in debt.
The Georgia Republican on Saturday said he had about $350,000 in
the bank and brought in more than $800,000 during the last three
months. The presidential contender says the average donation was
Gingrich's presidential bid has faced serious challenges,
including the resignation of his top aides earlier this year. He
spent heavily in the first weeks of his campaign and racked up
bills. In the last three months, he paid down $346,000 of that. But
he continues to spend; of the roughly $808,000 he raised from July
to October, he spent almost $777,000.
Gingrich's debt is the largest known among the serious
candidates. Former Utah Gov. Jon Huntsman is close behind with
$890,000 in debt.
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