Newt Gingrich had a second line of credit at Tiffany’s

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Newt Gingrich’s presidential campaign acknowledged Tuesday that Gingrich had a second line of credit at the jewelry store Tiffany’s for as much as $1 million dollars.

The Washington Post reported that Joe DeSantis, a spokesman for Gingrich, said the Republican presidential hopeful’s personal financial disclosure filing will show that he had a $500,000 to $1 million line of credit at Tiffany’s.

DeSantis added that all debts to Tiffany’s had been paid in full and the credit line had been closed.

RELATED: Gingrich finance team quits as campaign faces $1 million debt

Politico revealed last month that in her 2005 and 2006 filings with the House Ethics Committee, Callista Gingrich disclosed that the former House Speaker had between $250,000 and $500,000 debt with Tiffany’s.

“It’s a standard no-interest account,” Gingrich explained to CBS’ Bob Schieffer. “We paid no interest on it. There was no problem with it. It’s a normal way of doing business.”

“If the U.S. government was as debt free as I am, everybody in America would be celebrating. I think I have proven I can manage money.”