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

By Eric W. Dolan
Tuesday, June 21, 2011 21:40 EDT
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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.”

Eric W. Dolan
Eric W. Dolan
Eric W. Dolan has served as an editor for Raw Story since August 2010, and is based out of Sacramento, California. He grew up in the suburbs of Chicago and received a Bachelor of Science from Bradley University. Eric is also the publisher and editor of PsyPost. You can follow him on Twitter @ewdolan.
 
 
 
 
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