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.
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.”