X

Tim Pawlenty Campaign Still $450K in Debt

'Doing what we can,' says adviser
By Mark Russell,  Newser Staff
Posted Oct 15, 2011 6:41 AM CDT
Tim Pawlenty Campaign Still $450K in Debt
Tim Pawlenty waits for his vehicle after making a campaign stop at Coffee Cup Cafe in Sully, Iowa, in August.   (AP Photo/Charles Dharapak)

(Newser) – It's been two months since Tim Pawlenty dropped out of the race for the GOP presidential nomination, but his campaign is still saddled with $450,000 in debt, reports Politico. Debts include $60,000 for campaign HQ rent in Iowa, $25,000 for equipment rentals, and more than $60,000 for printing and postage. “The campaign debt was unanticipated, but we have been doing what we can to address it," said a Pawlenty adviser.

story continues below

Over the course of his campaign, Pawlenty raised $5.4 million, but poor results caused the money to dry up even as his expenses rose. From July 1 to Sept. 30, Pawlenty's campaign spent $3 million but raised just $1 million. After ending his candidacy, Pawlenty endorsed Mitt Romney, and Romney agreed to help with the debt. “You have to raise a lot of money to be successful," Pawlenty said on the radio last week, noting that when he dropped out, "our finances had basically run dry.” (Read more Tim Pawlenty drops out stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X