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Santorum, Gingrich Quit Race With Millions in Debt

Federal filings for April show that when Rick Santorum and Newt Gingrich ended their campaign for the Republican presidential nomination, they were $2.3 million and $4.8 million in debt, respectively.

A filing with the Federal Election Commission made Sunday night shows former Republican presidential candidate Santorum owing $763,000 to top adviser John Brabender's firm for television commercials and $640,000 to Arlington technology company Emotive LLC among other debts, according to The Washington Post.

Gingrich, on the other hand, owed $1 million to a charter airline company, $466,370 for security services, $181,977 for public relations consulting and $165,000 for Web advertising apart from other debts. The former House speaker also owed $580,134 to himself towards travel expenses.

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Gingrich's debt could further rise when he files for expenses incurred after April, as he officially ended his campaign earlier this month.

While Gingrich ended the month of April with $806,950 cash on hand, Santorum had $1 million in the bank. They will have to raise the rest.

Presumptive Republican presidential nominee Mitt Romney raised $11.4 million in April for his campaign and a total of $40.1 million, including money brought in by the Republican National Committee.

Santorum and Gingrich might seek help from Romney's campaign to pay the debts.

Texas Rep. Ron Paul raised $2 million in April, bringing his total to $39.1 million. Paul announced last week he was ending active campaigning for the Republican presidential nomination.

President Barack Obama and the Democratic National Committee so far raised $43.6 million, slightly higher than Romney.

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