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Friday, February 17,2012

Gingrich Patron Set to Donate Another $10 Million

Newt Gingrich's current cash crunch may soon be a thing of the past, at least for a few weeks.

CNN and CBS News are both reporting that billionaire casino magnate Sheldon Adelson will soon fork over an additional $10 million to the Super PAC supporting the former House speaker's presidential campaign. Adelson and his wife have already given Winning the Future roughly $11 million, a donation that closed the gap—at least somewhat—between Gingrich and Mitt Romney earlier this year.

CNN's sources say that the eight-figure donation will come before the end of the month, while CBS's suggest that it could happen within days. Adelson had previously suggested that his further financial support of Gingrich was in doubt, and signaled that he'd be ready and willing to back Romney if the time came.


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