Officials told the AP that the campaign was facing more than $1 million in debt, which Gingrich may be forced to personally cover if he wishes to continue.
Recent reports have also said that the campaign did not have cash on hand for the $25,000 Ames Straw Poll filing fee or $30,000 for a list of previous Iowa caucus atendees.
Gingrich said last week that he would continue his quest for the Republican nomination “no matter what it takes.”
“Newt 2012 continues its reorganization and alignment as a grassroots driven, substantive, solutions-oriented campaign,” spokesman R.C. Hammond said Tuesday.
Gingrich recently returned from an extended vacation cruise around the islands of Greece. He left for that cruise after his scathing criticism of the House Republican Medicare invited a barrage of conservative attacks that damaged his prospects.
– With earlier reporting by Sahil Kapur
David Edwards has served as an editor at Raw Story since 2006. His work can also be found at Crooks & Liars, and he's also been published at The BRAD BLOG. He came to Raw Story after working as a network manager for the state of North Carolina and as as engineer developing enterprise resource planning software. Follow him on Twitter at @DavidEdwards.
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