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Romney Lent His Campaign $7M in January



WASHINGTON -- A campaign fundraising report shows Republican presidential dropout Mitt Romney lent himself $7 million last month. That means Romney spent more than $42 million of his personal fortune on his failed campaign.

The former venture capitalist and Massachusetts governor finished January with nearly $9 million in the bank. But more than $3 million of those funds must be returned to donors because they were earmarked for the general election.

The report was filed Wednesday with the Federal Election Commission.

Romney dropped out after Super Tuesday, and later endorsed Sen. John McCain. The Arizona senator is now assured the nomination.

Overall, Romney spent $98 million since beginning his campaign a year ago, including $10 million in January.

© 2008 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.


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