Walker presidential campaign $1.2 million in debt
During his three-month presidential campaign, Wisconsin Gov. Scott Walker (R) racked up over $1.2 million in debt and ended with little over $150,000 on hand.
{mosads}His campaign’s year-end report on Friday showed that his outstanding payments had ballooned by over $ 1 million from the third to fourth quarters of 2015.
Walker, who launched his campaign in mid-July, dropped out Sept. 21 after tepid debate performances and sagging poll numbers.
Despite starting out with $7.4 million from a strong fundraising effort, his third-quarter statement showed that his campaign had spent $6.4 million of it.
After Walker dropped out, GOP presidential candidate Ted Cruz solicited donations from supporters to help pay off Walker’s debts.
“I stand with my friend @ScottWalker & hope you will too!” Cruz tweeted to his followers in December, including a link to a donations page.
#CruzCrew – I stand with my friend @ScottWalker & hope you will too! https://t.co/tX7axrEHdR pic.twitter.com/Z2txgGBhFq
— Ted Cruz (@tedcruz) December 14, 2015
The Friday report also shows that the committee had raised about $600,000 in the last three months of 2015.
Campaign spokesman Joe Fadness said Friday that Walker “made substantial progress in addressing financial commitments over the last quarter, and he remains humbled by the outpouring of support from friends across the country who continue to believe in his commonsense reform agenda.”
– Updated at 6:29 p.m.
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