Gingrich raises nearly $10M, owes more than $1M

Republican presidential candidate Newt Gingrich speaks during campaign stop in Fort Myers, Fla. (Jan. 30, 2012) Credit: AP
New campaign finance reports show that Newt Gingrich raised nearly $10 million in the final three months of last year, but was about $1.2 million in debt.
The reports filed Tuesday show that the Republican presidential candidate started 2012 with a little more than $2 million in the bank.
They were released just after Gingrich wrapped a day of campaigning in Florida for the primary there Tuesday. Gingrich was hoping for an upset.
Gingrich's campaign adds that it already has raised more than $5 million in January, most of that since Gingrich's victory in South Carolina.
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