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Romney campaign took out $20-million loan, still owes $11 million
Sep 19th 2012, 04:23

WASHINGTON -- Hamstrung by campaign finance laws, the Mitt Romney campaign sought a $20-million loan last month, a campaign official confirmed Tuesday, of which $11 million still needs to be paid. Romney's fundraising this summer has been prolific, stringing together three consecutive months of raising more than $100 million for his presidential bid. But there was a catch: until late August, he couldn't spend a good portion of that money. The result: The $20-million loan. That liability pales in comparison to Romney's cash reserves. The campaign announced earlier this month that Romney Victory -- the joint fundraising effort between the Romney campaign and the Republican Party -- ended...

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