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Romney Campaign Borrowed $20 Million in August, Has $11 Million Debt
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Candidate
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| Contributor | COSDem |
| Last Edited | COSDem Sep 21, 2012 02:03am |
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| Category | News |
| News Date | Wednesday, September 19, 2012 08:00:00 AM UTC0:0 |
| Description | Team Romney has paid back part of that debt but still owes $11 million to the Bank of Georgetown. After officially receiving the Republican nomination in late August, Romney's campaign gained access to general election funds, which include $111.6 million raised that month. Yet, as the Times notes, it's unclear how much of Republicans' $168.5 million cash on hand will be available to Romney's campaign, because the funds tabbed for Romney are lumped together in a joint fund-raising committee with the RNC. So for the time being, Romney remains in debt. Although indirectly, he's finally experiencing something that's a fact of life for many Americans. |
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