Republican presidential hopeful Newt Gingrich had a second line of credit at the upscale jewelry store Tiffany and Co. for as much as $1 million dollars, his campaign admitted late Tuesday.
The news comes a little more than a month after personal financial disclosures forms for Gingrich’s wife, Callista, showed that the family owed between $250,000 and $500,000 to the jeweler in 2005 and 2006.
A campaign spokesman, Joe DeSantis, broke the news of the second line of credit to the Washington Post, telling the paper that Gingrich’s forthcoming personal financial disclosure filings will show that he and his wife had a line of between $500,000 and $1 million at Tiffany’s, “that it has a zero balance, and it has been closed.”
DeSantis would not discuss when the second line of credit was taken out, what it was used to purchase, or when it was closed.
Gingrich’s presidential campaign has struggled mightily since its inception. In addition to the earlier Tiffany’s disclosure, Gingrich has also taken heat from conservatives for his criticism of Paul Ryan’s controversial budget plan, and has lost a number of top campaign staff in key early primary states. The exodus continued this week, with the departure of two of his top fundraisers, Jody Thomas and Mary Heitman.
“These are two very talented women who are very well known in Republican fundraising circles,” Rich Galen, a former senior aide to Gingrich during his time as House speaker, told Politico. “If they couldn’t get the job done, the job won’t get done.”