ABC News has confirmed Newt and Callista Gingrich held up to half a million dollars in debt with Tiffany and Co., known for its high end jewelry, in 2005 and 2006.
Financial disclosure reports filed with the Clerk of the House of Representatives for the calendar years 2005 and 2006 reveal Callista listed a “revolving charge account” with Tiffany and Co. with liabilities ranging in the amount of $250,001 to $500,000.
It is unclear whether the couple has paid off the debt to the pricey jewelry chain. Gingrich’s spokesman Rick Tyler declined to respond to the financial disclosures, telling ABC News in an e-mail, “No Comment.” Tiffany and Co. also did not immediately respond to multiple requests for comment.
A House Ethics Committee manual classifies credit cards as a type of “revolving charge account.” Revolving charge accounts must be reported if their balance exceeds $10,000. The Ethics Committee requires members, officers and certain employees of the House of Representatives to file annual financial disclosure forms.
Newt Gingrich, the former Speaker of the House from 1995-1999, retired from Congress in 1999, but his wife worked as the Chief Clerk for the House Committee on Agriculture until 2007. The couple was married in 2000 after the former Georgia lawmaker had already left the House.
Gingrich, 67, announced last week that he is officially seeking the Republican nomination for president in 2012.
This story was first reported by Politico.