Newt Gingrich has more debt than cash on hand, according to the FEC report he will file today.
A Gingrich source notified Mike Allen that the former House speaker raised $2.62 million in February and spent $2.8 million. That left him with $1.54 million in the bank.
But Gingrich continues to carry $1.55 million in debt and the cash flow has evidently slowed. As Jonathan and Ginger reported this morning, there are already complaints in the extended Gingrich universe about unpaid bills.