Gingrich Had Second Line of Credit for $1 Million

Tuesday, 21 Jun 2011 09:56 PM

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Newt Gingrich had not one, but at least two lines of credit at Tiffany and Co., the second for as much as $1 million, The Washington Post reported Tuesday.

The former House speaker 's campaign acknowledged the credit line on the same day that top fundraising advisors quit.

Joe DeSantis, a spokesman for Gingrich, told the Post that Gingrich's campaign finance report will include the lines of credit, and will “show that the Gingriches had a $500,000 to $1 million line of credit at Tiffany’s, that it has a zero balance, and it has been closed.”

DeSantis offered no details about the credit lines, or how they were used.

About a month ago, personal financial disclosure forms for Gingrich’s wife, Callista, showed that the family had carried a line of credit ranging between $250,000 and $500,000 at Tiffany’s during 2005 and 2006, tthe Post reported.

And on Wednesday, two of Gingrich's top fundraisers quit. Fundraising director Jody Thomas and fundraising consultant Mary Heitman left the campaign.

Gingrich’s presidential bid has struggled since he announced in May. Staffers departed en masse earlier this month  amid allegations that the campaign was running out of cash.

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