Jan Baran Discusses Newt Gingrich Retiring Campaign Debt
Election Law & Government Ethics Practice co-chair Jan Baran was interviewed by National Public Radio after Newt Gingrich announced he was leaving the presidential race. NPR reported that Mr. Gingrich’s campaign was roughly $4 million in debt, even after spending 32 cents of every dollar it received on fundraising.
In an effort to unify the party, presumed GOP nominee Mitt Romney's campaign has offered to help Mr. Gingrich retire his debt. Mr. Baran said Republican candidates have traditionally helped one another with debt obligations. “It really depends on how much in the hole Gingrich is, but there certainly will likely be some effort to help retire some of his debt,” said Mr. Baran.
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