Latest In

Breaking News

Pawlenty could get debt help from Romney

Following former Minnesota Gov. Tim Pawlenty’s endorsement of Mitt Romney for president, the Romney campaign has said it’s willing to contribute fundraising muscle to pay down Pawlenty’s campaign debt.

Jul 31, 2020
5K Shares
1.6M Views
Following former Minnesota Gov. Tim Pawlenty’s endorsement of Mitt Romney for president, the Romney campaign has said it’s willing to contribute fundraising muscle to pay down Pawlenty’s campaign debt.
Pawlenty left the presidential race because he ran out of money, with some putting his debt at up to $500,000.
But a spokesman for the campaign of Mitt Romney, whoPawlenty endorsedthis morning, told Politicothat Romney would be willing to help manage the debt: ”If Tim Pawlenty wants our help, that’s something we’d help him with, just as we help all our friends.”
The Pawlenty campaign managed to raise almost $4.5 million by July, according to records from the Federal Election Commission, but doesn’t need to disclose how much it spent in the last few months until Oct. 15. Romney has been the most successful Republican fundraiser, raising $18.3 million by July.
It’s not uncommon for the victors in primary fights to help former candidates retire their debts in exchange for an endorsement. Pres. Barack Obama helped pay downHillary Clinton’s debt after she dropped out of the 2008 election.
Camilo Wood

Camilo Wood

Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
Latest Articles
Popular Articles