Post by Logan on Jan 30, 2016 2:08:00 GMT -6
Scott Walker pays off $1.4 million of campaign debt — still has $1.2 million to go
The presidential campaign committee of Wisconsin Gov. Scott Walker spent $1.4 million last quarter paying former staff and vendors and refunding excess contributions, leaving him with $1.2 million in debt from his failed White House bid, new Federal Election Commission filings show.
Meanwhile, the super PAC backing his candidacy, Unintimidated PAC, had so much money left over it was able to give donors back more than $18 million, including $4 million to Wisconsin roofing billionaire Diane Henricks.
The group's inability to keep Walker in the race, despite its substantial resources, is a key example of the limitations of deep-pocketed super PACs in this election.
Walker ended his bid in September after confronting mounting expenses and dwindling resources. His abrupt departure triggered an intense round of finger-pointing, as supporters blamed campaign manager Rick Wiley for mismanaging the finances and letting costs spiral out of control. Wiley rejected that criticism, saying the campaign was investing in needed resources, but was hampered by shrinking donations.
Read more: www.washingtonpost.com/news/post-politics/wp/2016/01/29/scott-walker-pays-off-1-4-million-of-campaign-debt-still-has-1-2-million-to-go/?hpid=hp_hp-cards_hp-card-politics%3Ahomepage%2Fcard
The presidential campaign committee of Wisconsin Gov. Scott Walker spent $1.4 million last quarter paying former staff and vendors and refunding excess contributions, leaving him with $1.2 million in debt from his failed White House bid, new Federal Election Commission filings show.
Meanwhile, the super PAC backing his candidacy, Unintimidated PAC, had so much money left over it was able to give donors back more than $18 million, including $4 million to Wisconsin roofing billionaire Diane Henricks.
The group's inability to keep Walker in the race, despite its substantial resources, is a key example of the limitations of deep-pocketed super PACs in this election.
Walker ended his bid in September after confronting mounting expenses and dwindling resources. His abrupt departure triggered an intense round of finger-pointing, as supporters blamed campaign manager Rick Wiley for mismanaging the finances and letting costs spiral out of control. Wiley rejected that criticism, saying the campaign was investing in needed resources, but was hampered by shrinking donations.
Read more: www.washingtonpost.com/news/post-politics/wp/2016/01/29/scott-walker-pays-off-1-4-million-of-campaign-debt-still-has-1-2-million-to-go/?hpid=hp_hp-cards_hp-card-politics%3Ahomepage%2Fcard