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Bachmann owes more than $1 million in presidential campaign debt

Posted by: Corey Mitchell under 2012 Presidential election, 6th District Updated: March 23, 2012 - 8:42 AM

U.S. Rep. Michele Bachmann owes more than $1 million from her failed presidential bid, recently released campaign finance records indicate.


The Minnesota Republican disclosed her debt in her latest federal campaign report, which reveals her campaign finances through late January.


Bachmann left the presidential race in January after finishing last among the Republicans competing in Iowa's caucuses. She is now running for a new term in Congress and faces three DFL challengers.


More than 75 percent of Bachmann’s debt is owed to a St. Paul-based fundraising firm and her national campaign manager. She is indebted $562,681.37 to Strategic Fundraising Inc. and $193, 711.62 to Keith Nahigian of Nahigian Strategies.


Here’s a look at the companies she owes as of late January, according to the campaign finance report filed with the Federal Election Commission:

Debts

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